↪ Is Increased Debt Inflating The Self-Esteem Of Recent Grads?
A recent study conducted by Rachel E. Dwyer, an assistant professor at Ohio State, suggests that educational debt may actually benefit college graduates by bolstering their self esteem:
After sampling more than 3,000 young people between the ages of 18 and 34, she found that many people under the age of 27 were positively impacted by debt; her data showed that both higher levels of credit card and college loan debt equated to higher rates of self-worth. Additionally, these respondents reported feeling not only in control of their lives, but uniquely primed to achieve their goals.
Seriously? When is debt really a good thing? If this study is at all accurate, it sounds like there are a lot of people out there in total denial of reality.