CAMBRIDGE, Mass.—How do parents feel about their debt? Ask their kids.
Parents pass on their anxiety levels around debt to their children, according to a new study from the National Bureau of Economic Research.
Some 56% of those surveyed said they feel uncomfortable with debt and 62% said their parents feel uncomfortable with debt.
The researchers concluded that children closely follow their parents' leads when it comes to their feelings about debt. However, they noted that the younger generation feels more comfortable with debt than their parents, "showing that attitude toward debt is changing across generations," MarketWatch reported.