Category: Behavioral Finance

Question of the Day: What percent of online purchases are returned to the retailer?

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Jan 11, 2022
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Question of the Day, Budgeting, Behavioral Finance
After the holiday season comes the returns.  Answer: 18% Questions:  Have you (or someone you know) ever returned something that was purchased online? If so, why?  What items do you think are most likely to be returned? least likely? While it is "FREE", what do you think are the costs involved for the retailer? Who is picking up these costs if they are "FREE" to you? What are steps that you can take to avoid returning items you bought online?  Click here for the ready-to-go...

Question of the Day: What is one of the top 3 financial resolutions for 2022?

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Jan 02, 2022
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Question of the Day, Behavioral Finance
Answer: Questions: Which resolution from the top 3 do you think is most important? Why? Have you ever thought about making a financial resolution as you start a new year? If so, what was it? Select one of the resolutions in the top 3. What are some strategies you could use to achieve that goal? Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (Fidelity & CNBC): "As we await the beginning of a new year,...

NGPF's Best of 2021: Product Releases and Updates

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Dec 22, 2021
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Behavioral Finance, Taxes, Career, Math, Economics, Professional Development
Our best ideas come from you and the top 10 list below shows how we maintained our focus in 2021 to build products and services that you need. Several themes emerge from the list:  You like our commitment to continually update our resources as the Career and Taxes updates scoring high on the list. You challenged us to think of ways to incorporate personal finance across the curriculum so we built a new Financial Algebra course and added to our Economics resources. Thanks to your efforts...

NGPF's Best of 2021: FinCap Friday

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Dec 16, 2021
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FinCap Friday, Investing, Behavioral Finance, Paying for College, Savings, Career, Stocks
Every Friday during the school year, FinCap Friday, produced by Yanely Espinal, engages high school students. She produces a 2 minute explainer video with a Kahoot quiz with a no-tech version also available. Since it's launch in August of 2018, FinCap Friday quizzes have been played close to 2 million times! Here are the top FinCap Fridays produced in 2021: Crypto Going Global Until the Game Stops The Great Resignation Financial FOMO Pain in the Supply Chain So You Want To Be An Influencer?...

Question of the Day: Where do most 18-24 year olds say they learn about personal finance?

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Nov 15, 2021
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Question of the Day, Behavioral Finance
Answer: 38% learned from Social Media! Questions: Have you learned any personal finance habits/tips from social media? Are there any specific lessons that stand out?  While social media is a powerful informational tool, how can you make sure the advice/information you are seeing is accurate and correct? Lots of people have opinions/attitudes/beliefs about money. How can you tell whether advice you are receiving is good advice?  Here's the ready-to-go slides for this...

Reading List for Halloween weekend (2021)

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Oct 29, 2021
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Behavioral Finance, Cryptocurrencies, Economics, Investing, Retirement
Behavioral Finance This short story from NPR’s Morning Report discusses findings about decision making while under the stress of debt. (Cue Squid Games)   Investing It was a big week for earning announcements, with more coming up next week. For comprehensive coverage of the week’s earnings announcements, stock markets, and economy, try this NASDAQ article. Hertz to buy $4 billion worth of Teslas, half to be rented to Uber drivers. (NBC News) For more on the topic, try this...

NGPF Podcast: Carl Richards on creating sketches to explain financial concepts

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Oct 22, 2021
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Behavioral Finance, Podcasts
In Silicon Valley, many origin myths for start-ups begin with a business plan written on a napkin. Carl Richards took that concept to a new level by creating sketches on napkins to explain financial concepts. Here's one of my favorites: The focus of many of his sketches was how psychology drives many of our money decisions. In addition to his decade as the Sketch Guy at the NY Times, Carl is the author of two books, The One-Page Financial Plan and The Behavior Gap. In this podcast, you will...

Question of the Day: According to a 2021 survey of 10,000 teens, who is their favorite influencer?

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Oct 20, 2021
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Question of the Day, Behavioral Finance
Answer: Emma Chamberlain Questions: In your own words, what is an online influencer? Who is your favorite influencer? Have you ever purchased an item online because you were influenced by someone promoting that product/experience? If so, explain why. What do you think are the keys to an influencer’s success? Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (Piper Sandler survey; page 6) Teens’ favorite...

Weekend Reading: October 1st - 3rd

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Oct 02, 2021
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Behavioral Finance, Credit Cards
Beth is on break this week so I am filling in. Here are some articles that caught my attention this week: In Silicon Valley and in the world of start-ups, there's a fine line between "fake it to you make it" and outright fraud. We were reminded of that again with news swirling around Ozy Media which went from media darling to out of business in a frantic five day span. This NYT Dealbook column addresses this burning ethical question.  Signs of asset inflation abound Used car prices up 26%...

Top 5 Interactives Posts: Summer 2021

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Sep 29, 2021
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Interactive, Behavioral Finance, Budgeting, Career, Checking Accounts, Insurance, Savings
Each week on the NGPF blog, we highlight a new, engaging interactive. In each of these posts, we summarize the interactive, provide suggestions for classroom discussion, and include a complementary NGPF student activity or teacher professional development opportunity on the topic. Here are the 5 most popular interactive posts from the summer of 2021:  #1 Dark Patterns At Work: Do you ever feel like you are being manipulated on websites? Unfortunately, dark patterns are all too...

All About Investing: Planet Money Summer School (continued)

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Sep 18, 2021
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Investing, Behavioral Finance, Cryptocurrencies
The second season of Planet Money Summer School is devoted to investing—perfect for a personal finance class. (Season one was devoted to microeconomics.) Below find a summary of the last three podcasts (the first three sessions were covered last week), each between 35 and 40 minutes long (with ads) along with a few suggested discussion questions. This might make a great lesson for a substitute teacher or a remote assignment.   Session 4: Investing in Bonds   Summary: This...

Question of the Day [Latinx/Hispanic Heritage Month]: What percent of Latinx/Hispanic respondents said they would use extra money (otherwise available to invest) to help a family member instead?

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Sep 15, 2021
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Question of the Day, Behavioral Finance
Hat tip to Yanely for highlighting this research report that was the source for the question.   Answer: 44% Questions: Within your own family, is there an expectation that the money you earn from a job would be used to help your family? Explain.  What do you think are the factors that impact how any individual would answer this question? Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (2020 State of Hispanic...

Question of the Day: What app category had the highest growth among Gen Z in 2020? Finance, Shopping or Social Media?

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Sep 14, 2021
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Question of the Day, Behavioral Finance
Answer: Finance with about 60% growth in time spent on apps Questions:  What has caused the growth in Gen Z's interest in Finance apps? Do you have financial apps on your phone? If so, which do you use most often? If not, why not?  What are the pros of cons of using your mobile phone to learn and/or manage your finances? Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.   Behind the numbers (Business of Apps):...

Reading List for September 10-12

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Sep 10, 2021
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Current Events, Economics, Behavioral Finance, Investing, Cryptocurrencies
As we commemorate the 20th anniversary of the 9/11 attacks, it might be interesting to remember that the stock market closed for four days following the attacks. To learn more about how the stock market/economy reacted to that event, and what lasting impact the event has had over these 20 years, check out this Investopedia article. It might be interesting to have students research and reflect on the impact of the Covid pandemic, both in early days and since then, and see if there are any...

Reading List for August 27-29

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Aug 27, 2021
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Current Events, Economics, Cryptocurrencies, Budgeting, Behavioral Finance, Checking Accounts
Banking Curious about how banks are doing with overdraft fees? Overdraft fees dropped during the pandemic in 2020, but have jumped back up 40% over a year ago. (BankingDive).   Budgeting/Behavioral Finance Ally Bank survey shows about half of adults are not talking discussing finances with their partner and launched a program to try to address this. PRNewsWire Tik-Tok partners with Shopify to add in-app purchase link. Sounds like a dangerous development for users susceptible to FOMO and...