Reading List for October 18-20
By Beth Tallman
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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...
QoD: For credit card users who have called customer service,._____ in 10 got a fee waived, ______ in 10 got a lower interest rate and _____ in 10 got a higher credit limit.
Sometimes it just takes a little initiative to save money:)
Answer;
6 in 10 have gotten a fee waived before, while 3 in 10 have received a lower APR and 9 in 10 have been granted a higher credit limit.”
Questions
Do you feel comfortable calling customer service when you have an issue with a company?
Does seeing this information about how customers save money by calling customer service make a difference in your answer to #1?
Why do you think that credit card companies are so willing to...
Reading List for September 20-22
By Beth Tallman
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Sep 20, 2019
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Current Events, Economics, Investing, Paying for College, Career, Retirement
Financial Literacy/Advocacy
Here is a snapshot of the state of financial education in the US by none other than NGPF Fellows, Courtney Poquette and Kayla Bousom, along with NGPF co-founder Tim Ranzetta. (MarketWatch)
Arizona State Treasurer discusses the importance of financial education. (Personal Finance curriculum is part of the economics course Arizona high school students must pass to graduate.) (USA Today-AZ Central)
Employers are now filling the financial literacy gap with twice as many...
Reading List for September 13-15
By Beth Tallman
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Sep 13, 2019
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Current Events, Advocacy, Budgeting, Credit Cards, Investing, Insurance, Paying for College
Advocacy
Many of you have seen this one, featuring a quote from BrianPage, but in case you missed it: (USA Today) "School probably didn't teach you much about money, here are 4 things you should know".
A national survey by Experian of Gen Z found that 76% of them agree that a personal finance class should be offered in high school. (PRN Newswire) (CNBC)
Michigan is considering legislation to allow practical math options to Algebra II, including personal finance. (thecentersquare)
...
Reading List for September 6-8
By Beth Tallman
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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...
Question of the Day: Can you name ONE of the three most valuable sports franchises?
Football season is upon us which inspired Beth to come up with this question!
Answer:
Dallas Cowboys: $5 billion
New York Yankees: $4.6 billion
Real Madrid: $4.24 billion
Questions:
What factors do you think drive the value of a sports franchise?
Do you or your friends spend money to support your favorite teams? What types of things can you/do you purchase?
One of the reasons that franchises are worth so much has to do with their latest TV/Cable/Streaming contracts.
Raise your...
Throwback Tuesday QoD: What percent of 13-17 year olds have a savings account?
By Tim Ranzetta
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Sep 02, 2019
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Savings, Question of the Day, Research, Current Events, Behavioral Finance
Answer: 54%
Questions:
Do you have a savings account?
If not, why not?
If so, what age did you open on and what motivated you to open it?
Do you have any savings goals?
Do you find it easy/difficult to save money? Explain.
Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (from Ipsos):
To help with saving their money, a majority (54%) of Gen Zs have a savings account. Among those who have a savings...
Have you seen the new "What's New With _________?" posts?
By Beth Tallman
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Aug 31, 2019
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Current Events, Credit Reports, Index Funds, Investing, Credit Cards, Checking Accounts, Career
We all know that things are always changing in the world of Personal Finance. We bring you a weekly reading list of news related to Personal Finance, Economics, and other topics relevant for teachers, but what if you want to hone in on what’s been happening in just one topic?
This year, the “What’s New With” series of blogs is a bit different than in the past. We are pulling in fewer articles on each topic, but going into more depth within the blog to explain what has...
FinCap Friday: The Endless Stream
We know your students are obsessed with watching Netflix! Who isn't a fan of binging a good show? With all the new subscription video streaming services being announced in the news this summer, it's a perfect opportunity to strike up a conversation with your students about the financial implications of adding new streaming services to your monthly rotation. Learn more in this week's FinCap Friday below:
If you're short on time, try our simplified FinCap Friday with no need for tech! This...
Question of the Day: If you lost a job, would you rather lose it to a robot or a person?
Answer: In a German study, 63% of survey respondents said they would prefer to be replaced by a robot.
Questions:
Describe the emotions you would feel after losing a job to another person compared to your feelings after losing that job to a robot.
What types of jobs do you think that robots will begin to replace people?
What types of jobs do you think people are uniquely qualified to do compared to robots?
Click here for the ready-to-go slides for this Question of the Day...
Reading List for August 16-18
By Beth Tallman
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Aug 16, 2019
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Current Events, Parent Conversations, Paying for College, Investing, Economics, Retirement, Student Loans, Financial Scams, Insurance
As your former students or maybe your own children are heading off to college for the first time, here is some sage advice for them.
Having taught at a college for several years, and living amongst the students for even longer, I cannot agree more with the tips offered by a college professor in this MarketWatch article, like show up for class, turn off the phone, and go to office hours! I like the cartoons too!
And here is one for the parents. Once your child turns 18, their...
FinCap Friday: Dangerous Downloads
For our first FinCap Friday of the 2019-2020 school year, we highlight a viral app that led to lots of dangerous downloads! This episode focuses on why it's so important to read and understand terms before agreeing or signing on the dotted line. How many young people do you think practice the habit of reading before signing? Find out the answer to this question and more in this week's FinCap Friday:
If you're short on time, try our simplified FinCap Friday with No Tech needed. This...
The Rise of the Robocall: Do Not Answer That Call!
Thanks to Renee Hochanadel, who recently attended Summer Institute and is now an NGPF Fellow, for sharing this blog post which was originally shared on her blog.
_______________________________________________
The phone rings, you look at the number and you go through your mental checklist before deciding to answer or not.
Is this one of my contacts?
Is it a local number?
Have I made an outgoing call to set an appointment and it might be them?
If you have a cell phone, you do this dance an...
Reading List for August 9-11
By Beth Tallman
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Aug 09, 2019
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Checking Accounts, Economics, Investing, Retirement, Career, Current Events
Checking
With mobile deposits, checks may be “deposited” more than once. Banks’ systems are not catching all duplicate deposits. This happened to an organization for which I am the Treasurer, and it can happen to you. (Cleveland Plain Dealer)
This is potentially big news for folks living paycheck-to-paycheck. The Fed just announced that they will develop a public sector system for real-time payments (check clearing). (New York Times)
Here is a British perspective on...
Reading List for Aug 2-4
By Beth Tallman
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Aug 02, 2019
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Current Events, Economics, Career, Investing, Paying for College, Parent Conversations
Current Events
Captial One Data Breach
What you need to know about the Capital One data breach. A hacker obtained information on 100 million customer accounts across the US and Canada. Choose your source below for the facts and what to do about it if you are a victim.
From Capital One.
From Consumer Reports
From the New York Times
Fed Rate Cut
Historic rate cut: the Fed announced a 25 basis point drop in the target interest rate on Wednesday, the first drop since 2008! For an explanation of...
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