‘Want to boost your self-esteem? Then pile up on the debt.’
“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. (more…)