Accumulating Debt Makes Young Adults Feel Really Good About Themselves

Author:
Bess Levin
Updated:
Jan 14, 2019
Original:
Jun 15, 2011

The more college loans and credit card debt that young adults age 18 to 27 have, the higher their self esteem — and the more control they feel they have over their lives. They tend to view debt positively, rather than as a burden. [NYT, related: drug highs vs debt highs]

Accumulating Debt Makes Young Adults Feel Really Good About Themselves

Hedge Fund Manager Eric Rosenfeld Wants To Tell Your Kids A Story About Asses

SAC Saga Making For Some Awkward Conversations Around The Dinner Table

Middle-Aged Money Managers Increasingly Turning To "White-Collar Boxing" To Fight Fat, Feel Good About Themselves, Despite Being Told They're "Old" And Lack "Talent"

Wall Street Intern Turned Adult Entertainment Star Reveals True Feelings About Microsoft Excel

Allowance Watch '14: You Can Earn 5 Bitcoins A Week These Days But You're Not Gonna If This Trash Doesn't Make Its Way To The Curb In The Next 5 Minutes

WeWork Will Raise Billions In Debt To Prove To Everyone That It's Good With Money

$2 Trillion Debt Is "Manageable"

DE Shaw Not Really Feeling Barclays