Category: Cryptocurrencies

Reading List for November 8-10

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Nov 08, 2019
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Financial Literacy, Entrepreneurship, Payment Types, Credit Cards, Investing, Cryptocurrencies, Retirement
Financial and Economic Literacy People don’t know as much as they think they know about money. (Kiplinger) Teens think economics is an important subject, yet they don’t grasp key concepts even after taking an economics class. Here are some suggestions for making the education more effective. (PRNewswire) The CEO and founder of Pliquit wrote an article for Forbes encouraging banks to step in and take advantage of Gen Z’s consumption of media to fill their financial literacy...

Reading List for October 18-20

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Oct 18, 2019
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Current Events, Financial Literacy, Cryptocurrencies, Student Loans, Financial Scams, Career, Budgeting, Taxes
Financial Wellness Rather than focusing on life events, banks are now basing their products and marketing on everyday financial decisions, getting into the financial wellness business. (The Financial Brand) Is your credit card debt making you sick? A detailed study by CarefulCents.com finds the answer if “yes.” (PRNewswire)   Economics/ Crypto-Currency Here is an article from The Economist that discusses the demise of cash across the world’s economies. (For more detail...

Reading List for October 11-13

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Oct 11, 2019
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Behavioral Finance, Cryptocurrencies, Investing, Financial Scams, Career, Retirement
Behavioral Finance An interesting dive into gender and money: The Myth of the Frivolous Female Spender (NYT) FinTech A longer read from Knowledge@Wharton discussing how FinTech may be helping the underbanked and unbanked. The risk is that many of these services fly under any regulatory radar.   Crypto-currencies Mark Zuckerberg will face Congress to talk about Facebook’s proposed crypto-currency Libra. He will face a tough crowd, (Axios) and now several backers (Visa,...

Digging Deeper: What the Heck are Digital Dollars?

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Oct 11, 2019
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Cryptocurrencies, Economics, Payment Types
What if the US Federal Reserve stops printing currency and minting coins, going to purely digital dollars.  How would this differ from life today, where many of us never actually touch cash? How would this differ from private crypto-currencies?  What role will commercial banks play in this new system? Where does the Federal Reserve Bank stand on this issue? If dollars no longer exist physically, does it change the dollar’s standing globally? Given that the US has not yet planned...

Reading List for September 6-8

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Sep 06, 2019
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Current Events, Advocacy, Investing, Cryptocurrencies, Paying for College, Career, Employment
Advocacy 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...

Reading List for July 19-21

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Jul 19, 2019
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Financial Literacy, Cryptocurrencies, Economics, Investing, Paying for College, Behavioral Finance
Financial Literacy A Forbes article last week tries to explain the drop in financial literacy across the board as revealed in the FINRA 2018 National Study of Financial Capability. Economics The St. Louis Fed provides a comprehensive explanation of the Federal Reserve’s dual mandate, and specifically explains the two percent inflation target. (Medium) Cryptocurrency The proposed Facebook cryptocurrency Libra faces was the subject of congressional hearings this week....

Reading List June 28-30

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Jun 28, 2019
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Cryptocurrencies, Student Loans, Investing, Financial Literacy, Advocacy
Crypto Currency Bitcoin value is going wild….again. Michelle Singletary explains why the average person should resist the temptation to get into the game. (WAPO) One week post-announcement, Libra coverage continues. The Economist takes two looks at it: the first article discusses the mechanics of a global digital currency, and the second discusses how it might impact the banking system. US Regulators are looking to dig into this proposal. (CNN) Coin Desk astutely discusses how momentous...

Reading List for June 21-23

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Jun 21, 2019
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Cryptocurrencies, Advocacy, Financial Literacy, Economics, Investing, Employment, Paying for College, Insurance
Happy Summer! It is officially here! And here is a list covering a wide range of topics for your reading pleasure this weekend.   Financial Literacy The US Treasury (specifically, the Financial Literacy and Education Commission) is calling for colleges and universities to require financial literacy classes. Looks like $1.5 trillion in student debt has some folks worried. (CNBC)  Here is the actual report. Does it help your students to hear about sports stars ultimately making better...

A Quick Lesson on LIBRA

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Jun 20, 2019
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Cryptocurrencies, Current Events
Not heard about Libra yet? Facebook announced details about its proposed cryptocurrency (Libra) this week, and set the financial services industry on fire! They could launch Libra as early as 2020, giving its 2.7 billion users the capability of paying and receiving money via WhatsApp or Messenger. Global transactions without fees!!!! If you aren’t interested in listening to all the analysts and reading all the articles posted within the first 24 hours, here are the basics that I have been...

Reading List for June 14-16

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Jun 14, 2019
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Career, Investing, Credit Scores, Cryptocurrencies, Financial Literacy, Parent Conversations
Careers 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) Managing Credit 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...

Reading List for April 13-14

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Apr 12, 2019
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Financial Literacy, Investing, Payment Types, Career, Cryptocurrencies, Current Events
Financial Literacy Our second list of Financial Literacy Month includes some extra articles on the topic. An interview with the CEO of Chase Consumer Banking highlights her passion for financial literacy. (NYT) Annamaria Lusardi presents data/research on why financial literacy matters. (CNBC) Along similar lines, the St. Louis Fed discusses what financial literacy is. (St. Louis Fed) MarketWatch republished one of Jonathan Clement’s Humble Dollar posts with the 45 steps to having a...

Best of 2018...Most Engaging Blog Posts

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Jan 01, 2019
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Personal Finance, Credit Cards, Cryptocurrencies, Behavioral Finance, Policy, Paying for College
Happy New Year! Continuing the "Best of 2018" theme, I wanted to share with you the blog posts that engaged readers the most in 2018. To measure engagement I focused on two factors. I looked for pages that attracted hundreds of visitors and had the highest average time spent per page. Time spent on the page was a good indication that educators/students read the blog post in its entirety and engaged in the mini-activity described in it. For those new to NGPF, several of the posts below are...

Question of the Day: What was the most searched "What Is...?" on Google this year?

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Dec 16, 2018
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Question of the Day, Investing, Cryptocurrencies, Current Events
Answer: Bitcoin Questions: Bitcoin was once worth almost $20,000 and now it's hovering around $4,000. Any ideas on why the price has declined so much? Do you know anyone who has invested in bitcoin?  Investors use the term "popping the bubble" in describing an asset that rises quickly and then drops sharply. Why do you think investors get so excited about certain assets like bitcoin while the bubble is inflating?   Here's the ready-to-go slides for this Question of...

Reading List for November 10-11

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Nov 09, 2018
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Personal Finance, Investing, Parent Conversations, Cryptocurrencies
Personal Finance Could developing countries and M-Pesa teach the US how to address the issues of the unbanked and underbanked? (CNN Business) PBS announces a new series on personal finance called "Talkin' Money Minutes" is looking for a sponsor. They will be 2-3 minutes in length and air between shows. (Business Insider) Charles Schwab’s daughter discusses the huge financial gender gap that goes way beyond the pay gap, and what can be done to help correct it. (MarketWatch) Think...

Reading List for November 3-4

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Nov 02, 2018
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Financial Literacy, Cryptocurrencies, Economics, Paying for College, Retirement, Insurance
Financial Literacy A survey by Ipsos on behalf of MNT, Ltd reveals that apparently, Canadians need help with financial literacy education as well. The Visual Capitalist depicts the US problem with financial literacy in pictures. Economics/Cryptocurrency 250,000 jobs added this month, unemployment at 3.7%, and wages starting to increase (NYT), so what’s the problem? The Opportunity Index answers that question, and Third Way breaks it down for you. It may be worth the half hour it will...