Youth debt, mastery, and self-esteem: Class-stratified effects of indebtedness on self-concept

Dwyer, Rachel E.; McCloud, Laura; Hodson, Randy

doi:10.1016/j.ssresearch.2011.02.001

Cited by 137 publications

(137 citation statements)

References 34 publications

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“…This finding is consistent with previous research in other areas. For example, the findings of Dwyer, McCloud, and Hodson (2011) suggest that student loans totaling more than $10,000 actually reduce the chance that a student will graduate from college. Similarly, Minicozzi (2005) finds evidence that the positive effects of student loans on earnings diminish at debt levels above about $10,000, and Gicheva (2011) finds that borrowing an additional $10,000 for education above the average student loan debt for full-time students when the respondent was 18 years old reduces the short-term likelihood of marriage.…”

Section: Discussionmentioning

confidence: 99%

Is Student Debt Jeopardizing the Short-Term Financial Health of U.S. Households?

Elliott¹,

Nam²

2013

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Section: Discussionmentioning

confidence: 99%

Is Student Debt Jeopardizing the Short-Term Financial Health of U.S. Households?

Elliott¹,

Nam²

2013

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“…Low-SES and middle-income young adults-who have a higher likelihood of incurring student loan debt-may thus be at greater risk for defaulting on their loans and bankruptcy than are their more advantaged counterparts. Finally, among young adults age 25 and older, education debt is associated with lower levels of mastery and self-esteem, suggesting that the burden of repayment takes an emotional toll after one leaves college (Dwyer et al 2011). …”

Section: Discussionmentioning

confidence: 99%

Disparities in Debt

Houle

2013

Sociol Educ

154

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In an era of rising college costs and stagnant grant-based student aid, many young adults rely on their parents' resources and student loans to pay for their postsecondary education. In this study I ask how parents' income and education are linked to young adults' student loan debt. I develop and test two perspectives regarding the functional form of the association between parents' income, parents' education, and student loan debt. I have four key findings. First, the relationship between parents' income and student loan debt is nonlinear, such that young adults from middle-income families have a higher risk for debt than do those from low-and high-income families. Second, young adults from college-educated and high-income families are relatively protected from debt. Third, the association between parents' socioeconomic status (SES) and debt is modified by postsecondary institutional characteristics and is strongest at private and high-cost institutions. Finally, the effect of parents' SES on debt varies across the debt distribution. Parents' SES is strongly predictive of entry into debt, but there are few differences conditional on going into debt. This suggests that socioeconomic disparities in debt are primarily driven by the probability of going into debt rather than differences among debtors. However, compared to their more advantaged counterparts, young adults from low-SES backgrounds have a higher risk of accruing debt burdens that exceed the national average.

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“…Cependant, comme le soulignent Dwyer, McCloud et Hodson (2011), les effets de la dette sur les expériences individuelles peuvent varier considérablement selon la classe sociale à laquelle appartiennent les individus. Ainsi, tandis que pour les jeunes des classes populaires et moyennes l'endettement est le seul moyen de financer leurs objectifs de mobilité sociale, pour les classes sociales privilégiées l'accès au crédit est seulement une partie du répertoire des ressources disponibles.…”

Section: Nps Vol 26 N Ounclassified

Et si la dette privée était un problème de société?

Pérez-Roa¹

2015

nps

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Cet article propose une analyse critique de deux thèses populaires à partir desquelles s’articule la réponse à la question « pourquoi les individus s’endettent-ils au-delà de leurs moyens? », à savoir, la thèse du surendettement comme une des conséquences de comportements irresponsables, et la thèse du surendettement par accident, à partir d’une approche axée sur la situation de jeunes à l’ère de la société néolibérale. Dans un objectif de lutte contre les problèmes croissants de surendettement observés chez les jeunes, une définition adéquate est capitale; de même, une intervention adéquate repose sur un diagnostic adéquat. Les problématiques inhérentes à la définition du concept de surendettement chez les jeunes sont donc d’une grande importance pratique en termes d’intervention professionnelle et sociale.

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Youth debt, mastery, and self-esteem: Class-stratified effects of indebtedness on self-concept

Cited by 137 publications

References 34 publications

Is Student Debt Jeopardizing the Short-Term Financial Health of U.S. Households?

Is Student Debt Jeopardizing the Short-Term Financial Health of U.S. Households?

Disparities in Debt

Et si la dette privée était un problème de société?

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