Apr 05, 2019
Financial Literacy, Current Events, Economics, Investing, Paying for College, Insurance
The list is a bit longer today--perhaps more good stuff is popping up during Financial Literacy Month. In any case, there should be something for everyone here!
Financial Literacy Month
CNBC to recognize Financial Literacy Month with special coverage all month.(CNBC)
This was today’s CNBC post, crediting you wonderful finlit warriors for helping your students avoid payday lenders!
How much financial education is enough? (Cincinnati.com)
What men can learn from the way...
Apr 04, 2019
Current Events, FinCap Friday
This week's FinCap Friday offers some information about the latest form of payment for many employees: the payroll card. Particularly relevant for teens, these prepaid debit cards are being offered as an alternative to paychecks or direct deposit. But do the fees that come the cards outweigh the benefits of having them? Find out below:
For those who prefer not to use the online Kahoot quiz, we've recently added a no-tech version with the questions embedded in the presentation...
Mar 29, 2019
Paying for College, Personal Finance, Advocacy, Current Events, Economics, Investing, Taxes
The value of Financial literacy is getting some traction ahead of financial literacy month. (WSJ)
Apparently the yield curve inverted last week and recession talk is on the rise. Here is a quick one on the subject from Forbes.
Here is a slightly meatier one on the inverted yield curve from SLATE.
New World (Retail) Order
Can Apple change TV/streaming? What will Apple morph into next? (Bloomberg)
Here is what Apple announced on Monday. (CNBC)
Can Amazon change grocery...
Mar 19, 2019
Current Events, Chart of the Week, Career, Employment
Background (from datavizblog.com):
NPR has written a lot about how income has changed (or not) for the rich, middle class and poor in the U.S. In the past, however, they have written much less about what the rich, middle class and poor actually do for work.
What is the most common job for the top earning professionals?
What is the most common job for the lowest earning workers?
Is there any overlap where jobs show up in multiple income levels? Does it tend...
Mar 17, 2019
Current Events, Economics
Answer: $100 bills
Any theories on why there are now more $100 bills than $1 bills in circulation [if stumped, read the CNBC article below for the answers]
Why do you think that criminals might prefer $100 bills as a store of value?
Lots of these $100 bills are held by people outside the U.S. Why might they prefer holding dollars rather than their own currencies?
Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.
Feb 25, 2019
Question of the Day, Budgeting, Current Events
Answer: Movie Box Office Sales at $11.9 billion but Netflix is catching up quickly with $7.6 billion in 2018
When you think about your movie watching habits, what percent of your time is spent watching movies on Netflix (or other streaming service) compared to the movie theater?
How does the price of a monthly subscription to Netflix compare to a movie ticket?
Do you go to movie theaters more or less than you did five years ago?
Netflix recently announced that they...
Feb 20, 2019
Question of the Day, Career, Current Events, Checking Accounts
What types of tasks do you think a bank call center employee handles (i.e. why do people call a bank's 800 number)?
If you were a call center employee at this bank or at other companies, would you be worried?
What kind of tasks do you think machines will likely replace humans in the future?
What kind of jobs do you think are safe and will not be automated in the future?
Click here for the ready-to-go slides for this Question of the...
Feb 15, 2019
Personal Finance, Budgeting, Paying for College, Taxes, Retirement, Current Events
Valentines Day article: here is great pickup line: “Be my financially compatible Valentine?” (WSJ)
For those fans of “personal finance on a postcard” concept, here are the rules of thumb according to (Money Maven).
More on taxes from Michelle Singletary of the Washington Post, including what NOT to do if you find you owe the IRS money. (New tax laws > lower withholding > lower refunds, if any.)
Some fun celebrity facts to bring home the...
Feb 13, 2019
Budgeting, Behavioral Finance, Current Events
What do you think are the most common items purchased on Valentine's Day?
Try and name 5 and estimate their cost.
Are there Valentine's Day purchases that cost a lot more around the big day than they do the rest of the year? What economic principle explains that phenomenon?
Why do you think that fewer people are spending on Valentine's Day compared to a decade ago?
What are some low-cost ways to celebrate Valentine's Day without "breaking the...
Feb 07, 2019
FinCap Friday, Current Events, Savings
This FinCap Friday explores the effects of the recent federal government shutdown on the 800,000 federal employees who were required to work without pay from December 22, 2018 to January 25, 2019. Not knowing when your next paycheck will come can cause major financial stress so it's important to understand the strategies that can be used to prepare for times of emergency. Play this week's FinCap Friday to dive into this hot topic!
If you're short on time, try this FinCap Friday (No...
Jan 31, 2019
FinCap Friday, Investing, Current Events
In this FinCap Friday, we highlight one of the most speculative investments available today. Some wonder whether investment is even an appropriate term for it, while others call it the "greatest scam in history." It may not be the talk of the town that it was late in 2017 but it still has its fans who believe it is the currency of the future. Play this FinCap Friday and find out why one pizza buyer might be suffering from some indigestion.
If you're short on time, try...
Jan 23, 2019
Question of the Day, Payment Types, Current Events
Answer: Apple Pay
Apple Pay 77% of mobile wallet transactions
Samsung Pay 17%
Google Pay 6%
Hat tip to Beth Tallman for passing along this idea!
Do you/do you plan to use your mobile phone to make contactless payments at stores? Why or why not?
Recent research suggests that those using digital wallets often exhibit riskier financial behavior. Why do you think this is the case?
Digital wallet transactions account for about 9% of global digital transactions. What do you...
Jan 17, 2019
FinCap Friday, Checking Accounts, Current Events
In this FinCap Friday we chronicle the epic battle being waged between the well-established banks and the upstart FinTech competitors. Once a blip on the radar for the big banks, several of these emerging companies have earned unicorn status and are valued privately at more than $1billion. Why? Blame mobile phones, the comfort level that younger generations have with conducting business (including banking) online and the FinTech focus on creating a great UX (user experience) on their apps. Find...
Jan 06, 2019
Interactive, Taxes, Current Events
Thanks to Jessica, knee-deep in updating NGPF's Tax Unit the past few days, for passing along this excellent tax interactive from the National Priorities Project. Budgets are important. Why? One can tell a lot by analyzing them. They reflect a person, a company or, in this case, a country's priorities.
This interactive, Your Federal Income Tax Receipt, allows students to see the current federal priorities funded by their income taxes and the taxes paid by their parents/guardians. After...
Jan 04, 2019
Budgeting, FinCap Friday, Financial Scams, Career, Current Events, Employment, Generosity
We added FinCap Fridays to our resources in mid-August. Teachers asked for a creative and engaging way to bring current events into their classroom and we listened. A 5-7 minute FinCap Friday kicks off with a 5 question Kahoot + Yanely's explanation of the current event and why it matters + a discussion prompt to keep the conversation going + additional activity ideas if you want your students to dig deeper. With over 50,000 student Kahoots played since its August launch, FinCap Fridays have...