Sep 15, 2019
Question of the Day, Career
Which majors do you think are more likely to lead to a job in that field?
What steps can you take to prepare yourself for employment, regardless of which major you choose?
Given that almost 3/4 of college grads end up in fields that are not related to their major, do you think it's a good idea to consider multiple majors while in college?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers...
Sep 10, 2019
Career, Paying for College, Chart of the Week
Good reminder of the value of education on one chart:
What headline would you give to this chart?
Your friend says "education isn't worth it!" Agree or disagree with them using evidence from the chart.
What is the difference in weekly earnings for a person with a bachelor's degree (four year college) compared to a person with a high school diploma? That is the weekly difference, what would be the annual difference?
Fill in the blanks by picking one of the terms:...
Sep 06, 2019
Current Events, Advocacy, Investing, Cryptocurrencies, Paying for College, Career, Employment
Liz Frazier pens a compelling piece for Forbes magazine listing five reasons personal finance should be taught in schools. She is preaching to the choir here, but perhaps her approach will get through to the general public, and one might find this a concise source of supporting arguments and statistics for your personal quest.
Carrie Schwab-Pomerantz explains her efforts as President of the Charles Schwab Foundation to promote financial literacy (Yahoo Finance)
An academic study out of...
Sep 03, 2019
Chart of the Week, Career, Research
There's a lot going on in this chart:
The blue bars measure the # of movers with the scale on the left hand side. For example, in 2018, it appears that 32 million people (scale is in thousands) moved.
Black line shows the Mover Rate (percentage of people moving in a given year) with the scale measured on the right side of the graph. For example, in 2018, the mover rate was about 10%.
What do you think are the reasons that people move?
What's the overall trend in...
Aug 31, 2019
Current Events, Credit Reports, Index Funds, Investing, Credit Cards, Checking Accounts, Career
We all know that things are always changing in the world of Personal Finance. We bring you a weekly reading list of news related to Personal Finance, Economics, and other topics relevant for teachers, but what if you want to hone in on what’s been happening in just one topic?
This year, the “What’s New With” series of blogs is a bit different than in the past. We are pulling in fewer articles on each topic, but going into more depth within the blog to explain what has...
The Changing Work Environment
Knowledge@Wharton details a relatively new field that barely existed a decade ago: data analytics. Data analysis will be required of many employees. Given the tools available, employees don’t have to be statistical experts themselves, but can get information from these tools to give them insight into the job they are doing. For those that are really interested in data analytics, you can pursue a degree in the subject, and aim to be the Chief Data Officer...
Aug 21, 2019
Question of the Day, Career, Research
Answer: Research shows that, in the long run, those who start working in high school earn up to 10% to 15% more than those who didn’t dip a toe in the job market until after college graduation.
Have you had/plan to have a job while you are in high school?
If so, what you have you learned about the world of work in that role?
Why do you think having a job in high school has such a big impact on your future earnings?
Aside from the money, what are other benefits of...
Aug 18, 2019
Question of the Day, Career, Current Events
Answer: In a German study, 63% of survey respondents said they would prefer to be replaced by a robot.
Describe the emotions you would feel after losing a job to another person compared to your feelings after losing that job to a robot.
What types of jobs do you think that robots will begin to replace people?
What types of jobs do you think people are uniquely qualified to do compared to robots?
Click here for the ready-to-go slides for this Question of the Day...
Aug 09, 2019
Checking Accounts, Economics, Investing, Retirement, Career, Current Events
With mobile deposits, checks may be “deposited” more than once. Banks’ systems are not catching all duplicate deposits. This happened to an organization for which I am the Treasurer, and it can happen to you. (Cleveland Plain Dealer)
This is potentially big news for folks living paycheck-to-paycheck. The Fed just announced that they will develop a public sector system for real-time payments (check clearing). (New York Times)
Here is a British perspective on...
Aug 02, 2019
Current Events, Economics, Career, Investing, Paying for College, Parent Conversations
Captial One Data Breach
What you need to know about the Capital One data breach. A hacker obtained information on 100 million customer accounts across the US and Canada. Choose your source below for the facts and what to do about it if you are a victim.
From Capital One.
From Consumer Reports
From the New York Times
Fed Rate Cut
Historic rate cut: the Fed announced a 25 basis point drop in the target interest rate on Wednesday, the first drop since 2008! For an explanation of...
Jul 26, 2019
Financial Literacy, Career, Behavioral Finance, Credit Cards, Paying for College, Current Events
Dr. Barbara O’Neil of Rutgers, known to NGPF regulars for her tireless efforts in financial education, read and digested the Government’s report on Financial Education in the news recently, and offers her key take-aways. (MoneyTalk)
A study by the University of Arizona demonstrates that “emerging adults” (college years plus five post college years) with financial knowledge are more successful at “adulting,” including more successful...
Jul 12, 2019
Financial Literacy, Economics, Investing, Career
North Carolina passed legislation requiring students to take a financial literacy class for high school graduation. The required class is actually a full year course covering economics and personal finance, and the law requires teacher training. (MarketWatch)
Mark Hulbert argues the underlying issue behind poor financial outcomes is more behavioral than ignorance. (MarketWatch) I tend to think this argues for inclusion of behavioral finance in financial literacy...
Jun 14, 2019
Career, Investing, Credit Scores, Cryptocurrencies, Financial Literacy, Parent Conversations
Here is a fun one! Take a look at these wacky job titles. It might be fun to have your students guess what each one might mean! (Indeed.com)
Forbes provides another list – this time it is the best employer in each state. Can you guess the best employer for your state? (Forbes)
This article explains how smart use of a secured credit card can help you build or boost your credit score. Now Amazon is getting into this game. (NYT)
"The Financial Health Network...
Jun 02, 2019
Question of the Day, Career, Employment
5. Landscaper (est. $2,200/month)
4. Delivery driver (est. $2,300/month)
3. Dog walker (est. $2,500/month)
2. Golf caddy (est. $2,500/month)
1. Lifeguard (est. $2,800/month)
Do you have a summer job? If so, how did you get it?
How would you describe the local job market for teens for this summer? What are the most popular jobs for teens?
What do you think are the benefits of having a summer job?
If you have a summer job, do you have a savings goal for the...
May 21, 2019
Chart of the Week, Career, Employment
Note: Opportunity jobs are those that don't require a bachelor's degree.
Are you surprised to see any of these jobs on the list as you assumed they required a bachelor's degree?
There has been much talk of automation recently. Which jobs do you think are most at risk of being replaced through automation?
47% of Bookkeepers have a bachelor's degree while 53% do not. Who do you think has more job security and a higher wage: the bookkeeper with a bachelor's degree of the...