Reading List for August 27-29
By Beth Tallman
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Aug 27, 2021
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Current Events, Economics, Cryptocurrencies, Budgeting, Behavioral Finance, Checking Accounts
Banking
Curious about how banks are doing with overdraft fees? Overdraft fees dropped during the pandemic in 2020, but have jumped back up 40% over a year ago. (BankingDive).
Budgeting/Behavioral Finance
Ally Bank survey shows about half of adults are not talking discussing finances with their partner and launched a program to try to address this. PRNewsWire
Tik-Tok partners with Shopify to add in-app purchase link. Sounds like a dangerous development for users susceptible to FOMO and...
What's New With Cryptocurrencies
The "What's New With..." posts are usually focused on one of the NGPF curriculum unit categories. This one steps outside a bit to hit a topic that is likely of interest to students. For more background on BitCoin, take an hour to work through the NGPF on-demand PD The Basics of Bitcoin.
Headlines
El Salvador is making bitcoin legal tender. Some think it is a hoax. President Bukele claims it will increase the proceeds from foreign remittances which currently account for 20% of the...
Reading List for August 20-22
By Beth Tallman
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Aug 20, 2021
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Current Events, Economics, Budgeting, Investing, Student Loans, Retirement
Economics
Retail sales dropped more than expected in July. (CNBC) But there are signs that back to school shopping for 2021 has rebounded, and may help August numbers. (NRF.com)
Goldman Sachs economists have cut back their third quarter GDP projections due to the resurgence of Covid/Delta variant. (Reuters)
2020 was the year of the entrepreneur. Startups jumped 24% over the previous year according to Census data. (NYT)
Here is this week’s data-heavy suggestion. A Data Scientist from the...
Reading List for August 13-15
By Beth Tallman
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Aug 13, 2021
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Current Events, Financial Literacy, Economics, Investing, Cryptocurrencies, Student Loans
FinLit/Financial Health
Extrapolating data from a collaborative report with LendingClub, “Reality Check: The Paycheck-to-Paycheck Report,” 43 of the 71 million millenials in the US are living paycheck to paycheck, even those with higher incomes.
“Per the August report, “Many millennials are beginning to make larger expenditures for the first time, whether that means purchasing a car, taking out a mortgage or preparing financially to have children. These are all...
What's New with Taxes (2021)
The pandemic continued to impact the collection and payment of taxes this year. Here are the highlights:
The date taxes were due was moved out again this year, this time to May 17. (Most states followed this as well)
The IRS had a huge backlog on tax processing, due to staffing issues as well as extra volume of work due to various relief efforts based on IRS data.
One significant relief effort was the exclusion of up to $10,200 worth of unemployment benefits from taxable income.
Another relief...
Reading List for August 6-8
Update 8/8/21: Department of Education extends student loan payment freeze one more (last) time until January. (NPR)
Financial Literacy
This might be a good one to assign to the families of your students: NPR on having family money conversations.
Economics
The July jobs report came out this morning and showed an increase of 943,000 and an upward revision of June. Unemployment dropped to 5.4%, wages were up, but labor force participation was largely unchanged. Jobs are still 5.7...
NGPF FinLit Bill Tracker (updated July 26, 2021)
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Jul 26, 2021
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Advocacy, Personal Finance, Current Events
With many legislative sessions concluded or in recess, not a lot of updates to provide to the NGPF FinLit Bill Tracker.
In case you missed the earlier updates, here were the states that made the most significant progress on increasing access to financial education:
Nevada AB19: Among the core academic subjects that must be taught include "Social studies, which includes only the subjects of history, geography, economics , civics, financial literacy and multicultural education..."
Rhode...
Reading List for July 23-25
Economics
Was the Covid recession really the shortest on record? Read about how the NBER makes the call on recessions. (CNBC)
As Covid-related assistance programs like the eviction moratorium, extra unemployment assistance, student loan deferment, etc. begin to unwind, this NYT article offers advice on where to turn for help, and explains what programs are still out there.
Is the bond market telling a different story about expectations for the economic recovery than the stock market? (NYT)...
Abbreviated Reading List for July 10-11
I was on vacation this week, but here are a few articles worth a look in case you haven't seen them.
This story hit NPR on Tuesday, and most news outlets followed with their own versions throughout the week. Watch out for “SHRINKFLATION.”
What are shrinking bond yields telling us investors think about inflation? (CNN)
What the Executive Order signed by President Biden this week means for various industries. (APNews)
One of the largest Federal Student Loan Servicers is quitting. What...
NGPF On-Demand -- Summer 2021: 4 Trends in Personal Finance
NGPF On-Demand is a professional development opportunity that allows teachers to deepen their content knowledge on their own schedule and at their own pace.
One of the 32 On-Demand modules currently available is “Summer 2021: 4 Trends in Personal Finance.” In this module, you will learn about current trends in personal finance such as updates on credit scores & reports, the teen job market, investing by TikTok, and inflation.
Here are two highlights from the...
Question of the Day: What has happened to used car prices over the past year?
Answer: 21% increase
Questions:
Do you know anyone who has looked to buy a used car recently? What was their experience like?
Why do you think that used car prices have risen?
Is there a substitute available for consumers looking to buy cars?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (Consumer Reports):
According to the U.S. Bureau of Labor Statistics, used-car prices have jumped 21 percent since April...
Question of the Day: Which U.S. cities gained/lost the most inhabitants during 2020?
Answer from USPS Change of Address Requests:
Questions:
What factors impacted the movement of people during 2020?
Where do you think the cost of living is higher? Explain your answer.
Has the last year influenced your decision of where you would like to live in the future? How?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (MyMove):
"According to USPS data, big cities lost the most...
Reading List for May 21-23
100th Anniversary of the Tulsa Massacre
Next weekend marks the 100th anniversary of the destruction of Tulsa. Morning Brew takes a look at “Black Wall Street” today, 100 years later, with a series of five excellent articles. (List titles)
Black Investors Trade Their Way Through the Pandemic
In Finance, 'People of Color are Shut Out Before They Ever Get In'
Why Banking With Greenwood Is About More Than the Money
8 Charts that Explore Racial Disparities in the Banking Industry...
JACKPOT! The Data USA Interactive
By Brian Page
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Apr 07, 2021
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Interactive, Career, Budgeting, Current Events, Student Loans, Paying for College
Data USA is the greatest interactive I have ever seen. Highlighted with orange boxes below are the primary categories you want to click on when exploring the site.
These data visualization tools can be used in countless ways. You can always go straight to the site yourself and think through ways you can use it. For those who wanted this work done for you, you’re in luck. Here’s what I’m going to share in this post:
The Interactive: A 4 minute tutorial on how to...
NGPF FinLit Bill Tracker Update (4/5/21)
NGPF FinLit Bill Tracker is a one-stop source for financial education legislation. We rely on publicly available information and news sources. Here's the latest on the 25 states that introduced legislation in the last three months.
Bills in action this week:
Hawaii: SCR152 to be heard in Senate Education Committee on 4/6/21.
Bill Summary: URGING THE DEPARTMENT OF EDUCATION TO COORDINATE WITH THE DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS TO IMPLEMENT A GRADUATION REQUIREMENT...
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