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.