Saturday, August 16, 2014

New Gallup poll finds student loan debt has negative correlation with general sense of well-being

A new Gallup-Purdue University poll found that college loan debt negatively correlates not only with financial well-being, which is expected, but also with other important measures of overall well-being such as having a sense of purpose in life and physical health.  The poll was a joint-research project between Gallup, Purdue University and the Lumina Foundation which analyzed student loan debt among 11,000 adults who graduated from college between 1990 and 2014. Using the Gallup-Healthways Well-Being Index, the poll addressed college graduate "well-being" across the following five measures based on the amount of educational debt participants had incurred ranging from "no debt" to "over $50k":

  • Purpose: liking what you do each day and being motivated to achieve your goals
  • Social: having supportive relationships and love in your life
  • Financial: managing your economic life to reduce stress and increase security
  • Community: liking where you live, feeling safe, and having pride in your community
  • Physical: having good health and enough energy to get things done daily

Here's a summary of the findings:

Gallup

You can read the full summary of the poll results via the Gallup website here.

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https://lawprofessors.typepad.com/legal_skills/2014/08/new-gallup-poll-finds-student-loan-debt-has-negative-correlation-with-general-sense-of-well-being.html

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