Certain types of debt that parents take on may have adverse effects on children’s socioemotional well-being according to a new study by researchers at the University of Wisconsin at Madison and Dartmouth published by the journal Pediatrics. The study sheds new light on the link between debt and family well-being, as previous research on debt has typically focused on how debt affects the mental health and well-being of adults and has yet to explore how parents’ debt may impact a child’s well-being.
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