May 16, 2018
Question of the Day, Career, Research, Chart of the Week
Answer: North Dakota
Any guesses on why North Dakota has so many $15/hour jobs? [Hint: It comes out of the ground and rhymes with fail spoil]?
Would you consider moving to an area based on the availability of high paying jobs? Why or why not?
Do you think there is a relationship between the unemployment rate and average wages in a given state? Explain.
Click here for the ready-to-go slides for this Question of the Day that you can use in your...
Apr 11, 2018
Paying for College, Career, Employment, Economics, Question of the Day, Chart of the Week
Answer: About $13 per hour MORE (or over $26,000 per year)
Why do you think that college grads earn so much more than those who start but don't complete?
How has the wage premium changed over the last 40 years? Do you think this wage premium will increase or decrease in the future?
Your friend says that spending $20,000/year to go to college isn't worth it when you can get a job now that pays $25,000. Agree or disagree with him based on the data in the chart.
Click here for...
Mar 27, 2018
Investing, Employment, Career, Video Resource, Checking Accounts, Chart of the Week
We are getting close to the end of the month, so I thought I would highlight most popular seven posts this month:
Question of the Day: What Percent of 15 Year Olds Have Bank Accounts?
Video Resources: How To Be A Better Team Member
Interactive: How Many Years Do You Have Left to Live?; will make the discussion about retirement that much more engaging for young people.
Chart of the Week: How Do People Spend Their Money?
Question of the Day: What's the Average Number of Emails Received Daily By...
Mar 11, 2018
Budgeting, Chart of the Week, Current Events, Purchase Decisions
Great chart to analyze from Flowing Data:
Quick orientation: Reading up and down, you get percentage breakdowns by income group, and reading across you get average annual spending.
Questions (and you can certainly ask a lot)
Which cost item is the largest one for ALL income groups?
Which income groups have a budget deficit (i.e. spend more than they earn)?
How do individuals manage to live with a budget deficit? How do they spend money they don't have?
Agree or disagree with this...
Feb 18, 2018
Paying for College, Chart of the Week, Current Events
Three great charts from the Economist focused on the value of higher education and how it has changed over time. Article notes that "college graduate premium" does exist but that it has leveled off since 2000:
The main piece of evidence cited by policymakers is the “graduate premium”—the difference between the average earnings of someone with a degree and someone with no more than a secondary-school education, after accounting for fees and the income forgone while studying....
Jan 12, 2018
Checking Accounts, Purchase Decisions, Paying for College, Chart of the Week, Budgeting
Thank you Beth for an awesome curated list to make me smarter over this long weekend (not so long for me:) about all things personal finance. Enjoy!
Check your account balances!
By now you have probably heard about the Capital One double entry disaster:
Capital One customers around the country awoke Wednesday to see multiple charges for the same debit card transactions on their accounts.
Paying for College
As college applications are in and early acceptances received,...
Dec 11, 2017
Purchase Decisions, Economics, Current Events, Research, Chart of the Week
Amazon is so good at keeping prices low, it’s changed how economists think about inflation
I was immediately skeptical of the conclusion implied by this headline. Yes, Amazon is pervasive in everyone’s lives at this point, but could one company permanently shift inflation? I asked my resident economist if this was really a thing. The answer? YES. This IS a conversation economists are having. The Quartz article cites Kevin Kliesen, an economist at the St. Louis Fed....
Nov 29, 2017
Stocks, Chart of the Week, Checking Accounts, Investing
Hat tip to Big Picture Blog
In your own words, what is an asset?
Which financial asset has seem the greatest increase in ownership between 2001 and 2016?
What do you think are examples of Transaction Accounts?
Certificates of Deposit and Savings Bonds both saw sharp drops in the percentage of households holding them between 2001 and 2016. What do you think that has been the case?
You read this headline "No one seems to be saving for retirement today." Does this chart...
Nov 28, 2017
Economics, Current Events, Investing, Stocks, Chart of the Week, Savings, Research, Question of the Day
Answer: It depends on how you define money. From $7.6 trillion (physical currency) to $90 trillion (broad money).
This audio and infographic below are great ways to bring the concept of money to life and also help provide context to the size of the various markets and the U.S. position relative to the rest of the world.
Audio from Marketplace (hat tip to Sonia; duration, 3:19):
What type of money is included in M0 (zero)?
What is included in the term...
Nov 21, 2017
Article, Chart of the Week, Investing
Hat tip to Abnormal Returns, Big Picture Blog and Visual Capitalist which provide a great curated list to start with:
David Swenson is nervous (Bloomberg): The legendary Yale endowment manager is nervous about something. Read the article to find out what is keeping him up at night.
Looking for a simple productivity hack (Thrive Global)? Hint: It has something to do with your smartphone!
I can never get enough of Jonathan Clements (on our podcast here and here). Here's his thoughts on the...
Nov 15, 2017
Investing, Stocks, Question of the Day, Research, Chart of the Week
Answer (as of 11/15/17): Apple
From Visual Capitalist comes this fascinating chart of top 10 companies over the past 100 years:
Compare the largest companies from 1917 to the largest companies in 2017:
Are there any companies that that stood the test of time and appear in both lists? Does this surprise you?
How has the industry composition of these two sets of companies changed over the past 100 years?
You see a newspaper article noting that there is a concentration of...
Nov 08, 2017
Question of the Day, Paying for College, Chart of the Week, Career, Research
Answer: Chemical Engineering with median lifetime earnings of about $4 million
From NY Times:
Awesome article that dispels common myths about the college major. Here's one of my favorite myth-busters highlighting the variance in a given major:
"It’s true that computer science and engineering top all the pay rankings, but salaries within specific majors vary greatly. “Students and parents have a pretty good idea of what majors pay the most, but they have a poor sense of the magnitude...
Nov 05, 2017
Investing, Chart of the Week, Savings, Stocks
I saw this headline recently and immediately started to predict all the reasons the writer was going to enumerate about the benefits of investing. Yes, we all have seen those listicles that make great clickbait about the "10 Reasons You Better Invest!" Instead, the writer surprised me with a one word answer that everyone can understand: Inflation. Read on to find out why inflation matters...
This graph shows how what you can buy with £10,000 falls over the...
Nov 01, 2017
Purchase Decisions, Question of the Day, Budgeting, Research, Chart of the Week
Answer (from Piper Jaffrey report which is chock full of teen spending habits): Food
Here's the chart from their report:
A lot happening in this slide so here's a way to orient your students:
Height of the bars measures what percentage of spending goes to food and clothing spending (see left axis).
For example, in spring 2017 teens spent about 23-24% of their budget on Food and 19% on Clothing (see left axis)
The squiggly yellow line measures the Net Food Spend (or how much more...
Oct 27, 2017
Career, Research, Chart of the Week, Question of the Day
Answer (based on percentage growth in job category):
Solar photovoltaic installers
Wind turbine service technicians
Home health aides
Hat tip to NGPF Fellow Charles Kafoglis for sending along this insightful Atlantic article about jobs for the future. Here's the chart that shows both percentage growth leaders as well as how many new jobs will be created for those specific job titles (math teachers will love this one too):
Which jobs on the list will see the largest increases in...