Literally the main reason I work is to amass enough wealth so that my kids actually have a chance at a decent life. Otherwise, fuck it, I'd probably retire.
This fact is why I'm unwilling to give Biden credit for the half-measures and posturing on this issue. Yes he forgave some student debt, and that's definitely better than nothing, but he had Congress for two years and could have done more.
He's unilaterally forgiven student debt via Executive Order several times, but couldn't find the balls to forgive all of it. That makes sense, as his presidency and every presidency since Reagan has been propped up by the monied interests profiting vastly off permanently indebting young people.