Knowledge Tree
Relations (1)
related 2.58 — strongly supporting 5 facts
Debt and education are linked as education is frequently cited as a necessary expense funded through debt [1], [2], and is specifically recommended as a type of investment that retains value [3]. Furthermore, education is identified as a demographic factor that moderates or influences the relationship between debt and individual well-being [4], [5].
Facts (5)
Sources
"The Effects of Debt on the Relationship to Psychological and Social ... mavmatrix.uta.edu 2 facts
claimThe study identified a mediating role of financial satisfaction and moderating effects of age, education, and student status on the relationship between debt and well-being.
claimThe study found relationships between debt and social and psychological well-being, as well as relationships between demographic characteristics (age, education, sex, and income) and debt and well-being.
How Can Debt and Money Issues Impact Your Mental Health? equifax.com 1 fact
claimDebt is a normal part of financial life for millions of Americans and can be incurred for necessary expenses like education or home ownership.
12 Basic Principles of Financial Management | Quicken quicken.com 1 fact
quoteMorris states: “With their ultra-high interest rates, credit cards utilized to buy household goods and clothes that quickly wear out are bad bargains. If you have to be in debt, stick to financing items that retain their value over time, like real estate and education.”
The Impacts of Individual and Household Debt on Health and Well ... apha.org 1 fact
claimThe United States has normalized the practice of incurring debt to pay for basic needs, such as health care and education, which could alternatively be funded through public resources.