Teen with credit card

Parents who are trying to teach their children fiscal responsibility will want to take note of a new study by sociologists at Ohio State University that found that young adults between ages 18 and 27 view credit card and school loan debt as marks of maturity and achievement, rather than potential burdens.

In fact, an OSU report stated, the higher the credit card and college loan debts among young adults, the more self-esteem they reported.

Researchers warned that while debt can present opportunities to young people--such as attending college--it should not be taken lightly.