Nov 14, 2018
Budgeting, Question of the Day, Current Events
Answer: Video games
Are you more likely to pay for a new video game or to see a new movie? Why?
Do you think of movies and video game purchases as wants or needs? Explain.
What makes blockbuster video games popular? Blockbuster movies? How do you know when something is popular?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (Statista)
Red Dead Redemption 2, one of...
Nov 11, 2018
Question of the Day, Behavioral Finance, Budgeting, Research, Current Events
Here's a video that explores the brain science behind why we love brands (from NGPF Video Library)
With what purchases do brands matter most to you? All purchases, only some or none at all?
What are your favorite brands? Can you explain what you think these brands say about you?
Why do you think that teens, in particular, tend to have the strongest affinity to brands?
Optional: What are two takeaways you got from watching the video?
Oct 28, 2018
Question of the Day, Paying for College, Employment, Research, Current Events
Do you plan to work part-time while in college? If so, how many hours do you want to work?
If you don't plan to work part-time while in college, what jobs/internships do you want to pursue during the summer?
How much do you want to save from your part-time job/internships?
What do you think is the optimal number of hours for working a part-time job without impacting your studies?
Click here for the ready-to-go slides for this Question of the...
Oct 28, 2018
Interactive, Employment, Current Events, Research
Today’s Interactive Monday is all about migration. The New York Times uses census data to chart how Americans have moved between states since 1900. The data is sorted state by state with a button to switch between emigration and diaspora views.
In migration mode you can see where the people living in a particular state were born - this chart answers the question “where do the people living in California come from.”
In diaspora mode you can see percentage of people...
Oct 26, 2018
Economics, Investing, Credit Scores, Current Events
Have real home prices entered a cyclical downturn? What does that mean? (Bloomberg)
What impact is the limitation on SALT (State and Local Property Tax) deductions having on the housing market, especially in the Northeast? I’ll give you one guess. (Bloomberg)
The New York Times "Upshot" takes a look the mystery of today’s low wage growth in spite of very low unemployment.
NBC News examines whether people are better off economically since 2016.
Unemployment is low, but...
Oct 26, 2018
Podcasts, Personal Finance, Current Events, Teaching Strategies
In Financial Diaries, Rachel Schneider digs under the surface and really gets into the nitty-gritty of American's financial lives including their hopes, dreams and struggles. Her poignant stories, including one about a family whose Sunday night meetings help them figure out what bills they can pay that week, will give you a deeper appreciation of what financial insecurity feels like. Financial Diaries laid bare the fact that a high percentage of Americans have challenges predicting...
Oct 25, 2018
FinCap Fridays, Investing, Current Events, Index Funds
The lottery has captured the imagination of our country this week. Lots of daydreaming going on...what would I do with....? We know that only one person walked away with the $1.5+ billion prize in South Carolina (identity still unknown). What your students may not realize is that a lottery ticket is not the only way to become a millionaire. Yanely shares her tips on what it will take to be a millionaire by the age of 60 without having to invest in the next Apple or Tesla. Enjoy!...
Oct 24, 2018
Credit Scores, Current Events
Within the last twenty-four hours, more and more news outlets and bloggers are talking about the announcement by Fair Isaac Company (FICO) that they have developed a new way to calculate credit scores. Even Good Morning America had a segment on it this morning (video embedded in the link)! The buzz is because this new method of calculating the score may help millions of people obtain credit who, based on the existing methodology, would not be able to get credit, or would certainly have to pay...
Oct 23, 2018
Checking Accounts, Current Events, Question of the Day
Do you know the monthly fees that you currently pay on your bank account?
Why do you think young people seem to have a higher tolerance for fees (fees have to be higher from them to consider a switch) than older generations?
Would it surprise you that 1/3 of bank customers wouldn't switch accounts no matter what the monthly account maintenance fees are? What do you think accounts for this inertia when it comes to switching bank accounts?
Oct 22, 2018
Current Events, Budgeting, Behavioral Finance
Answer: 562 million!
With so many items in their "store," do you find it easy or difficult to find what you are looking for on their website?
What can Amazon do that a traditional brick and mortar store cannot do?
A typical Costco store only carries about 4,000 items and is succeeding based on consumer demand. How do you think they can compete against a company like Amazon?
Here's the ready-to-go slides for this Question of the Day that you can use in...
Oct 21, 2018
Question of the Day, Financial Literacy, Personal Finance, Investing, Research, Current Events
Answers: Will vary
Listen to what financial security means to a cross-section of Americans in this Marketplace podcast (listen from 2:30-5:45)
How will you know when you have achieved financial security as an adult living on your own? When do you hope to achieve this?
What are the different definitions of financial security that you heard on the podcast? Does it surprise you that people can have such varying definitions of what it means to be financial secure?
Oct 18, 2018
FinCap Fridays, Current Events, Behavioral Finance, Budgeting
This week's FinCap Friday tackles the changing retail environment. The big news of the week involves what was once one of America's largest retailers...yes before Wal-Mart and before Amazon this was the company where everyone shopped. Yanely leaves your students with some shopping tips in this new digital world. Without further adieu...From Catalogs to Clicks:
This is the 10th in our FinCap Friday series, check out the others in our FinCap Friday library. ...
Oct 18, 2018
Budgeting, Current Events, Behavioral Finance
Seemingly every major retail chain is offering a branded credit card to their customers. You’ve heard it before - “would you like to sign up for our credit card and get 15% off of today’s purchase?” What’s a good deal for the store may not be a good deal for you. Watch out for these retail tricks and think twice before buying something you don’t need on store credit - you may end up getting more than you bargained for.
“You can get X% off your...
Oct 17, 2018
Question of the Day, Career, Research, Current Events
Have you or any friends created a YouTube channel and built an audience?
3% of YouTubers get 90% of YouTube views. What do you think demonstrates about popularity on the internet?
How do you decide what to watch on YouTube? How do you find about popular videos that might be of interest to you?
Do you think $1,400 a month is enough for an independent adult to live on?
Here's the ready-to-go slides for this Question of the Day that you can use in your...
Oct 16, 2018
Budgeting, Question of the Day, Research, Current Events
Answer: 26 minutes
Why do you think the average length of commute has risen by 20% between 1980 and 2016?
How important is the commute for you when it comes to looking for a job? Explain.
Other than time, what are the additional costs of commuting?
What do you think is the relationship between commute length and rental cost (for an apartment)? The shorter the commute to work...the ____________ the rent. Explain.
Here's the ready-to-go slides for this Question...