Financial Literacy as a Pillar of Graduate Student Well-Being
Introduction
"As leaders in graduate education, you are familiar with the mental health challenges that graduate students face. The academic rigors, the pressure to publish, complex advisor relationships and uncertainty about future employment all contribute to a heavy mental toll. But among these stressors, one often-overlooked issue silently compounds student distress: financial insecurity. According to Supporting Graduate Student Mental Health and Well-being, a collaborative report by the Council of Graduate Schools (CGS) and the JED Foundation, one in two PhD students has experienced psychological distress. The reasons are multifaceted, but financial strain consistently emerges as a major contributor. It’s not just about tight stipends or tuition costs—it’s about the emotional and cognitive load of managing money without the tools or confidence to do so."
Link to the CGS report on Graduate Student Mental Health and Well-being can be found at https://cgsnet.org/publications/supporting-graduate-student-mental-health-and-well-being
For the full blog post, visit: https://cgsnet.org/financial-literacy-as-a-pillar-of-graduate-student-well-being
UIC graduate students can save for retirement as grad students. See https://www.hr.uillinois.edu/benefits/retirement/403b