In high-income countries, not completing secondary school often entails a high risk of social exclusion. Using data on young adults born in 1985 who grew up in metropolitan Sweden, we study factors associated with not graduating from upper-secondary school at age 21. Our hypothesis is that if a young person sees examples of people who are not able to earn a living despite having a long education, such negative examples are influential. Results from estimated logistic models are consistent with the hypothesis.