A Study on Student Debt and Its Long-Term Impact on Financial Well-Being: A Case Study of Students and Graduates in Tumkur

Abstract

This study explores the long-term impact of debt on an individual’s financial well-being. Debt, especially when accumulated during early stages of life such as education or early employment, can significantly affect future financial stability. The research examines how different types of debt—student loans, credit cards, personal and housing loans—contribute to financial stress, limit wealth-building opportunities, and influence spending, saving, and investment behaviours over time. Through surveys and financial data analysis, the study aims to highlight patterns, risks, and coping strategies. The findings can inform better financial planning, policy-making, and awareness for achieving long-term economic well-being.