Sep 19, 2018
Question of the Day, Checking Accounts, Chart of the Week, Research
How would you have answered this question? Explain your answer.
What was the percent of students in your class who expect to go to a bank branch? How does it compare with the results for 18-24 year olds?
If you have been to a bank branch recently, what did you do there?
What do you think the bank branch of the future (5-10 years from now) might look like?
Click here for the ready-to-go slides for this Question of the Day that...
Sep 18, 2018
Chart of the Week, Advertising
Which age groups have seen the sharpest drop in time spent watching TV?
What are your video viewing habits? What's the percent of time that you spend watching Live TV, Smartphone, On-demand TV, Computer and/or Tablet?
What do you think are the reasons that most young people are watching a lot less TV?
Given the trends in this chart, what do you expect will happen by 2020 in terms of time spent watching TV for 12-17 year olds?
Sep 16, 2018
Chart of the Week, Current Events, Research, Interactive, Parent Conversations, Paying for College
This week's interactive comes courtesy of Overflow Solutions and provides a county-level look at educational attainment.
This tool allows users to compare educational attainment of every county against other counties, the states, and the nation overall. The default is set to Los Angeles, CA and Cook County, IL, but if your students are on a desktop, they can easily adjust to view data from different counties and states. Here's a few notes about the interactive:
The data is collected from...
Sep 12, 2018
Chart of the Week, Credit Cards, Student Loans, Behavioral Finance
I love this chart from a recent Wall Street Journal article because it captures the state of credit for young people just getting started in building their credit history:
What credit type is most prevalent among 18-22 year olds? 23-29 year olds?
Which type of loan has the highest balance for 18-22 year olds? 23-29 year olds?
At what age do you think you will have the following:
Retail store card
Which type of...
Aug 29, 2018
Chart of the Week, Paying for College
What is the most popular major? Least popular major? Hint: Note that the charts all have different scales.
Now look at the trends for each of the majors. If you were asked to write a headline based on the data, what would you write?
Is the major you are interested in listed above? If so, why do you think the number of students pursuing this major is increasing/decreasing?
Do you have any other ideas on how this information might be displayed?
Aug 27, 2018
Interactive, Career, Chart of the Week, Employment
This fun interactive from Flowing Data offers the chance to explore with your students how and why age affects occupation. The first section offers a basic overview of the top 3 occupations for each age group, giving a nice opportunity for introductory discussion before digging deep into the infographic. Before opening up the interactive or sharing the link, try brainstorming some of those top jobs with your students.
What do you think are the most common jobs for those under...
Aug 19, 2018
Budgeting, Question of the Day, Chart of the Week
Answer: $1,355 (here's a list of the required supplies and common fees that go into the index)
What do you think are the largest back-to-school costs for high school students (required supplies and common fees only)?
How much do you think you/your parents spent on required supplies and common fees (e.g., sport participation and college prep. fees)?
What has been the trend over the past few years for high school students when it comes to back-to-school costs? ...
Aug 17, 2018
Behavioral Finance, Investing, Checking Accounts, Chart of the Week, Budgeting, Paying for College
Quote of the week:
In today’s world, information is cheap; meaning is expensive. [Bob Seawright]
On the issue of sustainability front, Starbucks looking to save 6 billion cups from the waste stream. Their current to-go cup is difficult to recycle (audio from PRI).
Yes, at some point, all good things must come to an end and we will have a recession again. Vanguard attaches some probabilities to it coming in 2020 in this NY Times piece.
Ever wonder why your students (and maybe you...
Aug 02, 2018
Investing, Stocks, Behavioral Finance, Research, Math, Chart of the Week
Hat tip to the Wealth of Common Sense blog for updating their performance charts which help demonstrate a key concept in investing: risk. Risk is one of those nebulous concepts for teens who have never experienced a severe market correction while holding stocks. These charts help elucidate risk from a mathematical perspective by plotting returns for the three basic asset classes: cash, bonds and stocks. By using the same scale for each, it becomes more apparent which is the riskiest asset. ...
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,...