What, me worry? Young adults get self-esteem boost from debt

Monday, June 6, 2011 - 11:30 in Psychology & Sociology

Instead of feeling stressed by the money they owe, many young adults actually feel empowered by their credit card and education debts, according to a new nationwide study. Researchers found that the more credit card and college loan debt held by young adults aged 18 to 27, the higher their self-esteem and the more they felt like they were in control of their lives.

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