Student loans and medical debt isn’t so much of an issue here in Europe because education and health care is either subsidised or fully government funded. But we are also still dealing with inflation and housing crisis like the rest of the world. Increasingly more young people still live with their parents in here. And that should be taken advantage of to save money if possible, although I understand some people don’t have a great relationship with their parents so they have no other choice. In some cultures, however, still living with their parents is still very much a taboo without considering the housing situation.

Edit: I should also mention, it also saves a lot if you have a partner to live with, not just with parents.