A recent study came of out of my alma mater, The Ohio State University, that found that students today feel EMPOWERED by education and credit card debt. WHAT???!!!!
The study found that the more debt young adults (18-27) had, the higher their self-esteem. I’m sorry. WHAT???!!! So, what are students thinking?
Do they not understand the impact of that debt on their financial future? Or do they feel good because a degree is an investment in the future?
The study did find that the oldest of the study participants did show signs of stress about their debt load. Um…probably because they finally realized they had to pay it off.
For more information on the study, check this out. What do you think? Did you feel good about having debt when you were younger? How do you feel about debt?
The study was conducted by Ohio State’s Center for Human Resource Research on behalf of the U.S. Bureau of Labor Statistics.
PS. Go Bucks!