Psychology Science Minute 435 Debt and Life Satisfaction Play Episode Pause Episode Mute/Unmute Episode Rewind 10 Seconds 1x Fast Forward 30 seconds 00:00 / Share Share Link EmbedResearch by Greenberg, Adam Eric, & Mogilner, Cassie(2020)Written by Robin N. Fatovic B.S. Do specific types of debt impact life satisfaction? Marketing researchers studying psychological factors examined the impact of debt on life satisfaction in seven different studies in the U.S. Of the people who reported having mortgage, credit card, and studentloan debt, only those with studentloan debt expressed a decrease in life satisfaction. Having a more positive view of the debt may improve life satisfaction.