There will be a debt after the current demographic age boom dies off and that debt will be inflated off. The value to society that young people have will go up due to a shortage of workers. Their wages will increase and their life will become easier and more productive. Then another population boom cycle will begin. It is like that with every species when there is a huge population die off. Life is easier with more resources available to the survivor population.
Of course none of that will happen if globalist "human traffickers" have their way.