Have Debt & You’ll Feel Empowered!

‘Want to boost your self-esteem? Then pile up on the debt.’ 

‘This is a surprising claim made by a new study which says young adults who saddle themselves with debt will feel empowered and feel better about themselves.

“Debt can be a good thing for young people – it can help them achieve goals that they couldn’t otherwise, like a college education,” said Ohio State University assistant sociology professor Rachel Dwyer.

Interestingly, her study found that 18 to 27-year-olds who had huge credit card and university loan debts had better self-esteem than their peers. Continue reading