That is a great article, and describes just about 50% of the people that I went through graduate school with. Not that 50% were bankrupt, but that percentage were broke, living on credit, or otherwise in denial about spending. You don't need to know anything about personal finance to get a Ph.D., and that is really a general failing of the US educational system. In fact financial matters are really almost treated like a "dirty" topic, as the ivory-towered residents of academia feel that they are somehow above such pettiness. It's a misguided bit of snobbery on their part, but just you try to tell them that ...One of the more interesting tidbits about the author and people like her (and me) is that people who pursue advanced degrees and enter into tenure-track jobs join the workforce later than their less-educated peers, and are that much farther behind the earnings 8-ball. They have lived larger parts of their lives on credit or loans, begin with lower-level, low-paying assistant professor positions, (at age 30+ mind you), and don't hit their peak earning potential for another 5-10 years. They need to learn about fiscal responsibility even more so than other people, so it's ironic that the ostritch syndrome is so prevalent. ~dswing
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