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t turns out there is an upside to mounting college debt: self confidence! A new study shows that the higher a young person's debt, the more self-esteem he or she has.
Ohio State University researchers surveyed more than 3,000 adults aged 18 to 34 for the study, which is published in Social Science Research. Their study found that the more debt from college loans and credit cards individuals had in their name, the more control they felt over their lives.
There is, however, a catch: People over the age of 28 started to show signs of stress and worry about their debt. The downshift in debtors' moods stems from the ongoing growth of their debt obligations over time--though it is of course also true that adults have a general propensity to worry more as they age.
though it is of course also true that adults have a general propensity to worry more as they age.
Originally posted by j35us
Shows the intelligence level of the American people, it takes a college education before they realize that being in debt isn't a good thing and the thousands of dollars wasted on phones, designer clothes, and useless junk they bought to keep on the cutting edge and try to be cool just tightened a large noose around their necks. Sad state of affairs.
Originally posted by buni11687
news.yahoo.com...
t turns out there is an upside to mounting college debt: self confidence! A new study shows that the higher a young person's debt, the more self-esteem he or she has.
Im already thinking "What the heck?"
Ohio State University researchers surveyed more than 3,000 adults aged 18 to 34 for the study, which is published in Social Science Research. Their study found that the more debt from college loans and credit cards individuals had in their name, the more control they felt over their lives.
The higher you are in debt, the more control you have over your life? Am I missing something here? Im honestly dumbfounded on this.
There is, however, a catch: People over the age of 28 started to show signs of stress and worry about their debt. The downshift in debtors' moods stems from the ongoing growth of their debt obligations over time--though it is of course also true that adults have a general propensity to worry more as they age.
Oh thats right, after a few years, people realize their debt grows. (How did they not know this when they used their credit cards and took out loans)????
Originally posted by mb2591
reply to post by j35us
Didn't seem like it the way you were so quick to jump on that opportunity to bash America.
Originally posted by daynight42
reply to post by buni11687
Maybe it's actually, the higher your debt, the higher your EGO is.
I think of all the people I see who have spending problems, and I think it might be a defense mechanism. To avoid feeling poor, they spend money they falsely believe they can spend without major consequences. Dream world.
It really is a symptom of POOR self-esteem. Self-esteem comes from within, from your SELF. It ain't something you can BUY or achieve through spending outrageously.
Retailers would love to sell you something to help you feel otherwise, though.