Another interesting sidebar article:
http://www.theglobeandmail.com/life/...rticle2048860/
When it comes to young adults aged 18 to 27, the more credit card and university loan debt they carry, the more they feel in control of their lives, and their self-esteem rises with their debt level.
“We thought educational debt might be seen as a positive because it is an investment in their future, while credit card debt could be viewed more negatively,” Dwyer said.
“Surprisingly, though, we found that both kinds of debt had positive effects for young people.
It didn’t matter the type of debt, it increased their self-esteem and sense of mastery.”