What is Debt? Kal Penn Explains | Mashable?

Debt is like borrowing money from a friend to buy something you really want, and then promising to pay them back later.

Imagine you have $5 in your piggy bank, but you see a super cool toy that costs $10. You don’t have enough money right now, so you ask your best friend for $5, saying you’ll give them $5 back tomorrow. That’s debt, you borrowed money and will pay it back later.

When you borrow money, you’re taking on debt. It's like a promise to someone else that you'll return what they gave you, maybe with some extra if you take longer to pay them back.

Kal Penn, in the video, explains how people and even countries use debt to get things they want or need right away, kind of like getting a loan from your friend so you can buy that cool toy today, and then paying it back when you have more money later.