Does the national debt matter to the average American?

So let’s say, hypothetically, that the national debt disappears tomorrow, would that have any actual affect to anyone?

I know a good chunk of the debt is government bonds and I’m sure the owners of those bonds would obviously be affected, but beyond that would it affect their day to day lives?

Or if the debt doubled or quadrupled overnight would anyone feel any change?

Overall, would the debt change the life of the average citizen or business? Or am I dumb and don’t understand how the debt works?