Literature Review #1

Amy Novotney

Novotoney, Amy. "Facing up to Debt. "http://www.apa.org. 2014 American Psychological Association, n.d. Web. 26 Sept 2014 <http://www.apa.org/gradpsych/2013/01/debt.aspx>.

Summary: In this article, the author begins to create comparisons between the pressures of debt and the effects it creates in a student's life. She underlines the statistics while incorporating conclusions that explain how money can consume a young adults life into anxiety and additional stress. She also researches how these same students deal with the stress and how different people react. She later gives statements from professionals about how young people can go about with tackling their stress and debt.

"The social stigma and psychological effects are reduced because people have more support from friends who are in the same scenario."

"While debt is increasingly common, many grads students feel isolated by the shame of being in the red, and that.."

"Nearly 64 percent of psychology graduate students report that concern over finances and debt..."

Novotoney is a Chicago freelancer that focuses on psychology. She has numerous articles that convey interesting and relevant topics in psychology.

Key Terms: debt, psychology, stress, money anxiety, debt, students, finances,

This article is valuable because it features many interviews that question students and professionals dealing with the student debt crisis. This allows the viewer to get an intimate understanding of the issue that statistics can't necessarily provide. It presents the material in an understanding and relatable material where I was able to draw conclusions by combining statistics and real life experiences into new revelations.