Jan 15, 2019
Chart of the Week, Behavioral Finance
From Pew Research:
Consumers have long relied on advice and recommendations from others before making purchasing decisions, and Americans today have access to a vast library of customer ratings and reviews that they can consult when deciding if products or services are worth their money. This survey finds that a substantial majority of the public now incorporates these customer ratings and reviews into their decision-making processes when buying something new: Fully 82% of U.S. adults say they...
Jan 08, 2019
Chart of the Week, Career, Employment
History was recently made. As the chart above shows there are now more job openings than unemployed workers.
In what year was the gap widest in terms of the difference between the number of unemployed and the available jobs? What do you think happens to wages for workers in that year?
What has been the primary contributor to this situation in 2018 where job openings now exceed the number of unemployed? Has it been the growth in job openings or the decrease in the number...
Dec 19, 2018
Insurance, Chart of the Week
How do you think auto insurance companies determine the premiums that they charge their customers?
Why do you think 16 year old boys have insurance premiums that are $64 more per month than similarly aged girls?
What is the percentage drop in premiums between the ages of 16 and 30 for men? for women? Why do you think there is such a large drop?
Looking for more charts for your students to analyze? Check out NGPF's Data...
Dec 13, 2018
Checking Accounts, Current Events, Chart of the Week
...they might want to ask the banker "Are you sharing my fees with the college so every time I overdraw my account...my college benefits?"
Here's the data showing the average costs by bank:
During the 2016-2017 academic year, students using college-endorsed debit or prepaid accounts paid $27,600,000 in account fees, according to the report. And students tended to pay more fees when financial institutions paid their colleges to promote the accounts. That could...
Dec 11, 2018
Chart of the Week, Career, Employment, Math
Chart courtesy of Statista:
Why do you think there is such a difference in the minimum wage rates by state?
What is the minimum wage in your state? Is it different in your area?
What do you think determines minimum wage levels in a given market (city, town, county)?
Analyzing this chart, what would you guess the federal minimum wage is?
Describe the typical worker that earns the minimum wage (education level, age, experience, type of job, industry)?
Dec 05, 2018
Chart of the Week, Budgeting, Research
From The Atlantic:
Hat tip to Sonia from the NGPF team for pointing out this informative article from the Atlantic. Here's how it described life in 1900:
In 1900, seen from perch of the Bureau of Labor Statistics -- which counts national jobs, income and spending -- the United States is like one big farm surrounded by a cluster of small factories. Almost half of the country works in agriculture. As for the budding services economy: There are more household servants than sales...
Dec 05, 2018
Career, Question of the Day, Research, Chart of the Week
What is your preferred method of communication? Explain.
How do you think these percentages will change by 2023?
What are situations where in-person communication might be more effective than texting or social media?
Do you think these preferences will impact communication patterns in the workplace in the future? Explain.
Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers...
Nov 28, 2018
Chart of the Week, Payment Types, Current Events, Debit Cards, Credit Cards
This chart comes courtesy of Wall Street Journal (sub. required):
In your own words, what's a digital wallet? Here's a description from Investopedia.
Which companies listed in the chart are you familiar with? Would you trust them to store your debit/credit card information?
Digital wallets now comprise about 1% of U.S. card transactions. What do you think that percentage will be in five years?
What do you think is the appeal of a digital wallet to consumers? to...
Nov 05, 2018
Question of the Day, Chart of the Week, Economics
Is the economy an important issue for you/your family at this time? Explain.
What would be your headline for the chart above?
Why do you think the economy was so important during the mid-term election in 2010?
What do you think the relationship is between unemployment rates and how important the economy is to voters?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Oct 31, 2018
Chart of the Week, Research, Math
Interesting chart showing the linkages among users of social media platforms (from Pew Research); great data table to build analytical and critical thinking skills using a topic that engages your students:
Note: Reciprocity between websites refers to the percentage of users of one site using another website. In the chart above, 27% of Facebook users also use WhatsApp (which curiously is owned by Facebook).
Which two social media sites have the strongest linkage (or...
Oct 24, 2018
Question of the Day, Student Loans, Mortgages, Research, Chart of the Week
Answer: 25-30 Year Old with $50K in student debt
Hat tip to NGPF Fellow Brian Page for sharing this awesome Question of the Day and chart below that he has used successfully in his classroom.
Overall, what has been the trend with all 25-30 year olds buying homes since 2005? What might explain this? [Hint: What happened in 2008-09?]
Why do you think that 25-30 year olds who are current with $50K in student debt buy homes at greater rate than those with no student debt?...
Oct 21, 2018
Interactive, Chart of the Week, Article, Career
Last week we looked at how Americans spend their time in the typical day using Flow Data’s article Counting the Hours.
This week we’re looking at their follow up article using the same data but exploring how age, sex, and time of day influence our activities.
Before diving deep into the infographic take some time to make some predictions with your students. For each group below try to identify which group might spend the most time (1) working, (2) socializing, or (3)...
Oct 17, 2018
Investing, Question of the Day, Chart of the Week, Mortgages, Research
Hat tip to A Wealth of Common Sense blog for this awesome data distilled from Case-Shiller/FRED index of home prices:
Positive is number of years that home prices rose in the period 1987-2018
Negative is the number of years that home prices declined in period 1987-2018
Biggest gain is the largest gain in home prices on a year-over-year basis.
Biggest loss is the largest loss in home prices on a year-over-year basis.
Annual Gains is the average annual gain in home prices over this...
Oct 09, 2018
Savings, Credit Cards, Chart of the Week
I have noted this trend before but to see it all on one graph makes it even more powerful. As the Federal Reserve has increased the Federal Funds rate target, the cost of borrowing has risen in lockstep while interest earned from savings accounts still hovers close to zero. In other words, costs to borrow typically have variable rates which automatically adjust upwards in a rising interest rate environment while interest on savings accounts are extremely slow to adjust upwards as banks seek to...
Oct 08, 2018
Interactive, Chart of the Week, Article
Today’s Interactive Monday comes to us from Flowing Data’s Nathan Yau in a three part series using the 2014 American Time Use Survey to explore how we spend our days and nights. Since 2003 the Census Bureau has been asking thousands of Americans to report on their time use for one 24 hour period.
The Data Set
Yau approaches the data set by sorting out how much time is spent in each activity, exploring how age, sex, and time of day influence our activities, and...