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posted by Fnord666 on Thursday August 27 2020, @03:58AM   Printer-friendly
from the stressed-out dept.

Student debt may hurt chances at full-time employment:

A recently published study led by The University of Texas at Arlington says that student debt may hurt students' chances of securing full-time employment due to added pressure in their job search.

[...] The researchers say that having student loan debt is a financial stressor to students that leads to additional stress during their job search, which in turn can harm their chances of securing a full-time job.

"Student loan debt creates an anticipated loss of financial resources, which brings higher levels of stress to student job-seekers," said Froidevaux, who is a fellow of the Eunice and James L. West Distinguished Professorship. Her research interests include career transitions, retirement and aging in the workplace, and identity negotiation.

The more financially strained individuals are, the less likely they are to have sufficient energy and motivation to invest in their search for a successful job placement, she said. Results from the study also suggest that students who are more stressed about their student loans were likelier to work more hours in part-time jobs. This stress in searching for a job reduced the likelihood of securing full-time employment upon graduation from college. The research team used data from 1,248 graduating seniors from four different American universities.

The current level of student loan debt in the USA is $1.6 trillion, above credit card debt and auto loans, and second only to mortgage debt.

Journal Reference:
Ariane Froidevaux et al, Is student loan debt good or bad for full-time employment upon graduation from college?, Journal of Applied Psychology (2020). DOI: 10.1037/apl0000487


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  • (Score: 3, Insightful) by Immerman on Thursday August 27 2020, @02:12PM

    by Immerman (3985) on Thursday August 27 2020, @02:12PM (#1042678)

    Reduced corporate taxes is one - used to be those upper tax brackets were vicious, climbing to 90% for the top bracket. Strong incentive to invest in growth and employee satisfaction when the alternative is pocketing only $0.10 on the dollar.

    Productivity continues to climb at much the same rate as ever, while median wages have stagnated for decades.

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