Oct 23, 2020
Financial Literacy, Economics, Credit Scores, Cryptocurrencies
PRNewswire reports on an extensive three-part survey by Lending Tree and Stash to look at the financial health of people during the Covid-19 crisis. Here are the key findings:
Due to the economic impact of the COVID-19 crisis, 1 in 4 people expect to retire later than anticipated. That's especially true for those who make less than $35,000 (34%) and Gen Xers (29%), as well as Latino (30%) and Black consumers (28%).
People of color are facing heavy financial...
Nov 08, 2019
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...
Oct 18, 2019
Current Events, Financial Literacy, Cryptocurrencies, Student Loans, Financial Scams, Career, Budgeting, Taxes
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)
Here is an article from The Economist that discusses the demise of cash across the world’s economies. (For more detail...
Oct 11, 2019
Behavioral Finance, Cryptocurrencies, Investing, Financial Scams, Career, Retirement
An interesting dive into gender and money: The Myth of the Frivolous Female Spender (NYT)
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.
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,...
Oct 11, 2019
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...
Sep 06, 2019
Current Events, Advocacy, Investing, Cryptocurrencies, Paying for College, Career, Employment
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...
Jul 19, 2019
Financial Literacy, Cryptocurrencies, Economics, Investing, Paying for College, Behavioral Finance
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.
The St. Louis Fed provides a comprehensive explanation of the Federal Reserve’s dual mandate, and specifically explains the two percent inflation target. (Medium)
The proposed Facebook cryptocurrency Libra faces was the subject of congressional hearings this week....
Jun 28, 2019
Cryptocurrencies, Student Loans, Investing, Financial Literacy, Advocacy
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...
Jun 21, 2019
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.
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...
Jun 20, 2019
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...
Jun 14, 2019
Career, Investing, Credit Scores, Cryptocurrencies, Financial Literacy, Parent Conversations
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)
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...
Apr 12, 2019
Financial Literacy, Investing, Payment Types, Career, Cryptocurrencies, Current Events
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...
Jan 01, 2019
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...
Dec 16, 2018
Question of the Day, Investing, Cryptocurrencies, Current Events
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...
Nov 09, 2018
Personal Finance, Investing, Parent Conversations, Cryptocurrencies
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)