Millennial Money Smarts!

Photo from https://financialliteracyseminar.eventbrite.com/

Photo from https://financialliteracyseminar.eventbrite.com/

Engaging graduate students in a discussion about long term financial preparation and success can be difficult. Who has time to think about retirement when I have a dissertation to write, rent to pay, and conference registrations?????

I am lucky enough to have a graduate assistantship that is grad student centered. Working with Indiana University Human Resources and TIAA-CREF we have developed a survey instrument to ask grad students what is important to them financially. Hopefully with this data IU can develop seminars focused on financial issues to better prepare graduate students for when they graduate and accept those amazing post-docs, tenure track professorships, or jobs in the public or private sector.

As a graduate student that has completed a Master’s degree and now in the dissertation stage of the PhD, I can say that it is difficult to plan long term when I have to address more immediate financial concerns such as student fees, rent/housing, other miscellaneous costs, and looming student loans. I am learning that I should still be saving for the FUTURE.