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The Reason Why So Many American Families Are in Debt

In their paper published in the journal Pediatrics in 2016, they wrote that high mortgage and student loan debt didn’t have the same negative impact on parents’ and kids’ well-being as credit card or medical bill debt, says lead author Lawrence M. Berger, director of the Institute for Research on Poverty and professor and doctoral program chair in the School of Social Work at the University of Wisconsin-Madison.