Category: Economics

Reading List for March 27-29

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Mar 27, 2020
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Current Events, Economics, Investing, Student Loans, Budgeting
Coronavirus Pandemic coverage this week includes articles on the soon-to-be stimulus bill, actions by the Federal Reserve, unemployment statistics, the stock market volatility, and potential implications for student loans.   Stimulus Bill What is in it, and what is not. The NYT provides the answers with an FAQ. Will you qualify to a direct payment? (WaPo) provides a calculator for stimulus checks. If you don’t need your stimulus check to pay bills, what should you do with it? Save it...

Reading List for March 20-22

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Mar 20, 2020
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Current Events, Investing, Economics, Paying for College, Taxes
Dealing with our new reality—here are articles that you may find helpful. USA Today came up with this article to help kids come to terms with what is going on. The food supply is secure. No need to hoard groceries. While there will be shortages of some products as adjustments are made, like food that was going to restaurants will find its way to grocery channels, if anything, production is gearing up. (NYT) Jean Chatsky has been on NBC news affiliates today with her financial advice for...

Reading List for March 6-8

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Mar 06, 2020
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Current Events, Investing, Economics, Mortgages, Financial Literacy
This week's list is devoted predominantly to the wide-ranging impacts of the Coronavirus in addition to wild fluctuations in the stock market.  (As predicted after last week's tumbling market, this isn't over yet.) Investing What should stock market investors do in this market? A Wealth of Common Sense suggests you ask yourself some questions to help figure that out. Of Dollars and Data explains why now you will understand why you should invest in bonds. 10-year Treasuries dropped...

[Update] Question of the Day: What’s the current unemployment rate for 22-27 year-olds who graduated from a four-year college?

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Feb 24, 2020
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Career, Question of the Day, Economics, Employment
Answer: 3.9% Questions: What is the difference today in unemployment rates for those 22-27 year olds with a bachelor’s degree and those without?  What was this difference in 2010 following the Great Recession? Has the gap narrowed or widened between those with/without degrees? Why do you think that having a college degree impacts an individual’s probability of getting a job? Overall, what has been the trend in unemployment across all types of workers since 2010? Click here...

NGPF Podcast: Rob Massimi on the benefits of incorporating personal finance into economics

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Feb 21, 2020
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Economics, Podcasts, Teaching Strategies, Activity
Rob Massimi is one of those teachers that we all remember from high school. High energy, creative, humorous and someone who believes in giving his students agency to drive their own learning. In this podcast, Rob, an Economics teacher at Bronx High School of Science, describes his favorite activity, the Wheat Market game, shares his students' anxieties about money and highlights his approach to teaching investing. It's clear that he's created an Econ course that his students will remember....

Reading List for February 14-16

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Feb 14, 2020
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Personal Finance, Savings, Credit Cards, Investing, Economics, Retirement
Happy Valentine’s Day (and Presidents’ weekend)! In recognition of the holiday, I am sharing the first article from Barry Ritholz’ reading list this morning from Behavioral Scientist in case you still need to find that perfect Valentine’s card for the people in your life. Enjoy!   Personal Finance We do what we do to keep future generations from repeating our financial mistakes. According to a recent survey by Deposits.com, 85% of Americans admit to making financial...

Reading List for February 7-9

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Feb 07, 2020
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Financial Literacy, Personal Finance, Economics, Investing, Career
It's Oscars weekend, and here is a documentary you should watch leading up to the event if you haven't yet!  NGPF released the documentary “The Most Important Class you Never Had” this week.   Financial Literacy CNBC covered the release of the CEE biannual Survey of the States on Wednesday. “Research shows that these requirements make a difference,” said Nan Morrison, the president and CEO of the Council for Economic Education, which released...

Reading List for January 17-19

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Jan 17, 2020
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Financial Literacy, Investing, Economics, Paying for College
Financial Literacy The corporate world is trying to fill in the void in financial literacy among their employees. According to a WorldatWork survey: “70% of the 326 employers surveyed currently offer financial well-being benefits and more than half intend to expand such offerings in 2020.” According to FinTech Times, FinTech businesses are also feeling compelled to fill the financial literacy gap among their customers with education initiatives. Investing/Economics This...

Reading List for January 10-12

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Jan 10, 2020
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Employment, Economics, Investing, Paying for College
Your (Financial) Health If you only have time to read one of these articles this week, make it this eye-opening piece from the Atlantic that digs into a research paper by economics from the St. Louis Fed on the college wealth premium—different from the income premium. (St. Louis Fed) And then find a few minutes for this important read on how mental health issues can severely mpact your financial health. (Business Insider)   Economics Is the Fed running out of tools to deal with a...

Chart of the Week: Manufacturing jobs require more skills!

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Dec 17, 2019
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Chart of the Week, Career, Economics, Employment
From WSJ article:  Specialized job requirements have narrowed the path to the middle class that factory work once afforded. The new, more advanced manufacturing jobs pay more but don’t help workers who stopped schooling early. More than 40% of manufacturing workers have a college degree, up from 22% in 1991. “The workers that remain do much more cognitively demanding jobs,” said David Autor, an economics professor at MIT. Looking ahead, investments in automation will...

Reading List for December 13-15

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Dec 13, 2019
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Personal Finance, Mutual Funds, Economics, Paying for College, Investing
Only one more reading list before the holidays, so we will start with Personal Finance Gift ideas! If you are looking to add to your holiday reading list (or wish list), here are the six books the Washington Post suggests you read on personal finance. How about gifts for kids that will teach them about money? Here is a list of ten to consider. (Yahoo Finance)   Economics The Fed is holding interest rates where they are, and will probably keep them there. (Bankrate.com) Where will...

Reading List for December 6-8

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Dec 06, 2019
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Economics, Investing, Budgeting, Paying for College, Current Events
Economics/Employment The November jobs report beat expectations. Dive into the numbers here. (USA Today) Does the jobs report give a complete employment picture? Forbes takes a look at the employment numbers and finds a large increase in low-quality, low-paying jobs.  "A study by the Brookings Institute, a nonprofit public policy organization that conducts research to solve problems facing society, found that a large amount of the newly created positions are “low-wage”...

Black Friday 2019 Reading List

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Nov 29, 2019
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Economics, Paying for College, Investing, Retirement, Parent Conversations
Today is the official start of the biggest retail push of the year. If you are reading this, you either have already braved the Black Friday crowds (or shopped last night), or you are giving it a pass and shopping online.  In any event, the crowds are expected to be a bit less chaotic this year (CBS). Here is a look at how online shopping and delivery are changing the world (IMO, not for the better): The Guardian discusses everything from the explosion of warehouses to environmental impact...

QoD: How many years has the typical American homeowner been in their current home?

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Nov 06, 2019
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Economics, Question of the Day, Budgeting, Purchase Decisions, Research, Mortgages
This is a good one for Economics class as it's a demonstration of supply/demand factors in the housing market. Given that the trend has been for homeowners to stay in their houses for longer periods of time, the supply of houses for sale (inventory) goes down and if new construction doesn't close that supply gap then there's a supply/demand imbalance. You can guess what happens next.  Answer: 13 years Here's a chart showing the regions where homeowners have been in their homes the longest,...

Reading List for November 1-3

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Nov 01, 2019
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Entrepreneurship, Economics, Investing, Credit Cards, Paying for College, Retirement, Financial Scams
Entrepreneurship  An excellent retrospective on the contributions of Peter Drucker on what would have been his 100th birthday. (INC) How does owning your own business or working in the gig economy impact how your kids will view the world of work and finances? (WAPO)   Economics Economics news this week included another Federal Reserve Rate cut. What does that mean for your credit card, mortgage, etc.? (USA Today) And the October Jobs report came out today. USA Today explains the...