Table 3.
Ordinary Least Squares Regression Models of the Association between Unsecured Debt Trajectory Groups (1985–2008) and Depressive Symptoms at Midlife Stratified by (Panel A) Educational Attainment and (Panel B) Race.
| Panel A: Models Stratified by Educational Attainment | ||
|---|---|---|
| Four-year College Degree + | <Four-year College Degree | |
| Unsecured debt trajectories (reference = constant no/low debt) | ||
| Low to stable mid debt | −.125a (.081) |
.069+a (.038) |
| High to low debt | −.059 (.081) |
.025 (.040) |
| Mid to low debt | −.160+a (.082) |
−.018a (.045) |
| Debt cycling (high-low-high) | .017 (.098) |
.140*** (.041) |
| Constant high debt | .030a (.081) |
.176***a (.038) |
| Constant | .435+ (.233) |
.176 (.127) |
| R2 | .159 | .158 |
| N | 1,648 | 6,046 |
| Panel B: Models Stratified by Race | ||
| White | Black | |
| Unsecured debt trajectories (reference = constant no/low debt) | ||
| Low to stable mid debt | .020 (.046) |
.081 (.058) |
| High to low debt | .035 (.046) |
−.036 (.066) |
| Mid to low debt | −.071 (.052) |
−.019 (.071) |
| Debt cycling (high-low-high) | .113* (.053) |
.127* (.063) |
| Constant high debt | .166*** (.045) |
.160** (.059) |
| Constant | .426** (.140) |
−.108 (.205) |
| R2 | .175 | .153 |
| N | 4,847 | 2,399 |
Note. Models include all study covariates.
a
Coefficients significantly different across stratified models (p < .10; z test for difference of coefficients).
+
p < .10.
*
p < .05.
**
p < .01.
***
p < .001.