It may be time to rethink the common belief that young adults are stressed out and staying awake nights worried about their finances.
A recent Ohio State University study has found that the more credit card and college loan debt held by those between the ages of 18 and 27, the higher their self esteem and the more they felt like they were in control of their lives.
According to Rachel Dwyer, lead author of the study /assistant professor of sociology at Ohio State University, the young people surveyed seem to view debt mostly in positive terms rather than as a potential burden.
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