Category: Credit Cards

Question of the Day: What is the most popular credit product for Gen Z consumers?

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Jan 18, 2022
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Credit Cards, Question of the Day
Answer: Credit Cards Questions: What do you think will be your first credit product, if any, from the list above?  How would you describe your feelings about borrowing money (credit)?  The chart above compares Gen Z and Millennials when they were at the same ages. What differences do you see in the credit behaviors?  Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (CNBC): TransUnion compared the credit...

Question of the Day: How many credit cards does the average Gen Z have?

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Jan 12, 2022
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Question of the Day, Credit Cards
Answer: 2.2 credit cards per person Questions: Do you have/plan to have a credit card before you turn 21? Why or why not? Do you think it is easier/more difficult to get a credit card when you are young? What are two major differences between a debit card and a credit card? What do you think is the ideal number of credit cards to have? Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.   Behind the numbers (The...

NGPF's Best of 2021: Top Search Terms on NGPF Website in 2021

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Dec 21, 2021
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Taxes, Credit Cards, Budgeting, Insurance, Question of the Day
Click on the links below to see the results from the new and improved NGPF Search Tool. It's more comprehensive in its results and you will find the resources that you are looking for much faster too.  Taxes Bean Game Identity Theft Budgeting  Credit Insurance Question of the Day Retirement Fine Print Resume ---------------------- Other NGPF Best of 2021 Lists:  NGPF's Best of 2021: Most Visited Unit Pages NGPF's Best of 2021: FinCap Friday NGPF's Best of 2021: Arcade...

NGPF Best of 2021: Most Visited Unit Pages

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Dec 19, 2021
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Savings, Budgeting, Investing, Checking Accounts, Taxes, Credit Cards, Credit Scores, Career, Paying for College
Wondering what topics garner the most page views on the NGPF website? Taxes took the top spot this year dethroning Checking which held the top spot for several years. The curriculum team updates the taxes unit each year to reflect new tax tables and changes to the tax code. Here's the plan for 2022.  The Unit Pages are accessible by clicking these images on the home page: Why are these pages the most popular on the website?  Educators see all NGPF resources on a given topic (unit) on...

NGPF Best of 2021: Arcade Games and Interactives

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Dec 15, 2021
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Interactive, Credit Cards, Investing, Budgeting
Wondering which NGPF Arcade games got the most plays in 2021? Envelope, please... The top 5 remained consistent from 2020 with with STAX overtaking Spent for the #1 spot. Our new game, Influenc'd is off to a great start and should contend in 2022:  STAX [Investing] Spent [Budgeting] Payback [Paying for College] Money Magic [Budgeting] Shady Sam [Credit] Credit Clash [Credit] Cat Insanity [Credit] Here are the top 7 interactives that appeared in the NGPF Blog in...

Question of the Day: What credit card feature is most popular for Gen Z? Low interest rate, good rewards program or no annual fees?

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Dec 15, 2021
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Question of the Day, Credit Cards
Answer: No Annual Fees Questions: Why do you think the no annuals fees feature is most popular with Gen Z cardholders?  Do you think the most popular feature might differ for different generations? Why or why not? Which would you choose if deciding between these three features? Explain your answer.  Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.   Behind the numbers (The Ascent):  "Baby Boomers and Generation Z have...

Question: What percent of teens don’t know the difference between a debit card and a credit card?

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Nov 23, 2021
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Question of the Day, Debit Cards, Credit Cards
Answer: 32% Questions: What is one major difference between a debit card and a credit card? What is one potential consequence of not knowing the difference between these two cards? Which card do you use more frequently? Why? Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (ChooseFI):  Imagine not realizing that a debit card immediately deducts money from your account. Picture what happens if you...

Question of the Day: What is the average credit card debt held by Gen Z?

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Nov 17, 2021
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Question of the Day, Credit Cards
Answer: $2,312 Questions: Why might Gen Z have lower credit card debt than other generations? Do you think young people with credit cards expect to go into debt? Explain. Do you have a credit card? Why or why not? If so, are you able to pay off the balance every month? How can carrying credit card debt month to month negatively impact your financial health?  Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.  ...

Question of the Day: What percent of Gen Z consumers have added to their credit card debt since March of 2020?

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Oct 25, 2021
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Question of the Day, Credit Cards
Answer: 52%  Bankrate Covid Debt PollInfogram Questions: Generally, why would people increase use of their credit cards during a pandemic?  What difference do you see among the generations listed above when it comes to their credit card debt?  What advice would you give if a friend asked what steps they could take to avoid taking on credit card debt? Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers...

Question of the Day: How much will Americans who only make minimum credit card payments end up paying in interest charges this year?

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Oct 24, 2021
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Question of the Day, Credit Cards
Answer: $935.95 We multiplied the average credit card balance of $5,897 by the average credit card APR of 16.43%. Assuming they don't rack up any more debt, consumers who make 2% minimum payments every month would pay $935.95 in credit card interest that year.  Questions: Why do you think that so many Americans have credit card debt, meaning they don’t pay the full balance on their credit card statements every month? How you can avoid getting into credit card debt...

Question of the Day: What is #1 reason that people give for paying their credit card bill late?

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Oct 19, 2021
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Question of the Day, Credit Cards
Answer: They forgot! Questions: Why do you think that so many people forget to pay their credit card bill?  What do you think are some of the consequences of not paying your bill on time?  What are steps that you can take so you are not one of those "forgetful" people who don't pay their bills on time?  Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.   Behind the numbers (WalletHub): "In a nationally...

Question of the Day: Gen Z (18-24 year olds) have on average ___ credit cards with an average balance (amount they owe) of $______.

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Oct 04, 2021
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Question of the Day, Credit Cards
Answer: Gen Z (18-24 year olds) have on average 1.64 credit cards with an average balance (amount they owe) of $2,197. Questions:  What is the first word that comes to mind when you hear "credit card?" When do you think you will get a credit card? If you have one already, when did you get it? How do you use it? What do you think are some of the pros/cons of credit cards? Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the...

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%...

Question of the Day: What percentage of adults have carried credit card debt in the past year?

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Sep 12, 2021
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Question of the Day, Credit Cards
Answer: 50% of families held credit card debt in 2020 Questions: What does it mean to “carry” credit card debt? Even though high-interest rates on credit card debt make carrying a balance expensive, how or why might consumers get into a situation where they cannot pay their credit card bill in full every month? Credit card companies often list a minimum payment due on their monthly statement. Do you think it is a good idea to make only that minimum payment? Why or why not? What...

Question of the Day: What percent of 18-24 year olds have used a Buy Now Pay Later (BNPL) service in 2021?

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Aug 29, 2021
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Credit Cards, Current Events
Answer: 61% Questions: Have you ever seen/used a Buy Now Pay Later (BNPL) service? What do you think are the pros/cons of a service like this? Want to learn more about BNPL? Check out this FinCap Friday which includes a quiz and an explainer video on the topic.  Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (The Ascent): In July 2020, only 37.71% of consumers aged 18 to 24 had used a buy now, pay later service, but...