Category: Economics

EconExtra: Inflation--Transitory or Persistent?

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Jan 15, 2022
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Economics
EconExtra is a series of posts that go beyond the textbook, relating current events and recent developments in economics to content standards, and providing resource suggestions to help you incorporate the current events into your lessons.   The Issue Given that this week’s CPI came in at yet another 40-year high made me think it might be time to revisit the inflation issue. Jerome Powell just recently dropped the descriptor “transitory” from his inflation commentary, but...

Reading List for January 14-16

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Jan 14, 2022
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Checking Accounts, Economics, Investing, Taxes
Banking Another bank (Capital One) drops overdraft fees. Here is the latest on this topic. (NPR)   Economics December CPI was released on Wednesday and came in at 7% over the previous year. (AP) (CNBC) What will these inflation numbers mean for fed rate hikes? Here is the Goldman Sachs prediction. (CNBC) And what is the Fed’s take on inflation? Powell testified before Congress this week (CNBC), and Lael Brainard discussed inflation in her Senate confirmation hearing this week as...

EdPuzzle: Why Are Prices Going Up?

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Jan 10, 2022
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EdPuzzle Thursday, Economics, Budgeting
This week's EdPuzzle video from TwoCents titled "Why Are Prices Going Up?" highlights the issue of inflation. It explains what's behind the record increase in the prices of goods and services and why it's such a noticeable problem for consumers. Tune in to learn how you can handle this climate of increasing prices!     Interested in more EdPuzzle videos? Visit our Video Library and type in "EdPuzzle" into the search bar at the top to view the rest of our EdPuzzle videos!  EdPuzzle...

Question of the Day: Which item saw the sharpest increase in prices in last 12 months: Gasoline, Bacon or Eggs?

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Jan 08, 2022
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Budgeting, Economics, Research, Contest Current
Answer (from Visual Capitalist):  Questions:  Have you noticed inflation (the increases in prices) in items that you or your family purchase in your own lives? Which of the items above do you think consumers will buy less? Which of the items do you think they will not change their behavior despite the price increases?  Pick one of the items from the list and come up with a substitute that a consumer might choose. Click here for the ready-to-go slides for this Question of the...

Reading List for January 7-9

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Jan 07, 2022
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Financial Literacy, Investing, Economics
Financial Literacy My local NE Ohio newspaper had an opinion piece supporting Ohio’s new law requiring high school students take a personal finance to graduate. (Cleveland.com) And here is a piece supporting current Michigan legislation published in the Detroit Free Press.  For those already in the work force without the benefit of a personal finance education, this article looks at how companies are encouraging financial wellness among their employees. (Yahoo Finance)  ...

UPDATED (1/12/22): Guess the CPI and your class could win a $100 gift card!

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Jan 03, 2022
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Contest Current, Economics
UPDATE (1/12/22): The CPI for the 12 month period ending December 2021 was announced this morning by the Bureau of Labor Statistics and came in at....7%! Details here. Congratulations to our three winners this month who estimated the exact number: Diana Garza, a Business and Money Matters teacher at Earl Warren High School (San Antonio, TX): 6th period class Pan Zunggeemoge, an Economics Teacher at Learn4Life (Gardena, CA) Allison Gossick, a Personal Finance teacher at Blue Valley North...

Reading List for New Year's Eve 2021

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Dec 31, 2021
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Current Events, Economics, Investing
While we shy away from “listicles,” it is difficult to get to the end of the year without posting some retrospective reviews of the past year’s events. Wishing you all a very Happy and Healthy New Year!   The Year in Review We will start with MarketPlace’s year in review. Lots of good graphics in this one. And Ben Carlson (A Wealth of Common Sense) provided his favorite and most telling charts from 2021. Inflation dominated headlines in 2021, particularly in the...

Reading List for Christmas 2021

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Dec 24, 2021
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Economics, Investing, Student Loans
Wishing you all a happy and healthy holiday break. Enjoy a much deserved rest. We will keep this week’s list short and sweet.   Holiday Food For Thought I like this idea: stop giving holiday gifts to adults. That would save time, money, and help the environment, and maybe reduce your stress level around the holidays. (Slate)   Economics We probably don’t need this report from the Commerce Department to tell us about inflation, but the PCE increased 5.7% in November. Read...

NGPF's Best of 2021: Product Releases and Updates

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Dec 22, 2021
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Behavioral Finance, Taxes, Career, Math, Economics, Professional Development
Our best ideas come from you and the top 10 list below shows how we maintained our focus in 2021 to build products and services that you need. Several themes emerge from the list:  You like our commitment to continually update our resources as the Career and Taxes updates scoring high on the list. You challenged us to think of ways to incorporate personal finance across the curriculum so we built a new Financial Algebra course and added to our Economics resources. Thanks to your efforts...

Reading List for December 17-19

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Dec 17, 2021
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Economics, Investing, Student Loans, Career
Economics The Federal Reserve Open Market Committee Meeting took place this week. Interest rates were not changed, but the taper in asset purchases was accelerated. (NYT Upshot) (NYT-Jeanna Smialek) (CNBC recap) Wholesale prices up a record 9.6% in November (year over year). (CNBC) Congress raises debt ceiling to avoid default. (CNBC) The Federal Reserve Bank of New York published its survey of Consumer Expectations. Check out the interactive graphics which break down expectations by all sorts...

Reading List for December 10-12

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Dec 10, 2021
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Economics, Cryptocurrencies, Career, Student Loans
Economics The biggest news this week is the bigger than expected increase in the CPI announced this morning. The 6.8% annualized increase last month is the largest since November 1982. (CNBC) A Wealth of Common Sense’s Ben Carlson looks at the relationship between inflation and interest rates in his latest piece. Will Government Bond yields now rise? Weekly initial unemployment claims drop to the lowest level since 1969. (Reuters) Excess savings from the Pandemic are now dwindling for...

Interactive: What's driving the higher prices of new homes?

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Dec 08, 2021
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Interactive, Mortgages, Economics, Research
Hat tip to Jessica for sharing this interactive. Home prices in many markets have rocketed skyward during the pandemic. While many note the supply/demand imbalances that have been driving prices, there's another factor at work here. Namely, the costs of construction materials for new homes have seen significant increases which get passed along to the buyers in the form of higher prices.  In this interactive from Bloomberg, students will be able to see recent price changes in the various...

EdPuzzle: Should the U.S. Government Balance Its Budget?

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Dec 01, 2021
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EdPuzzle Thursday, Economics, Taxes
This week's EdPuzzle video from TwoCents titled "Should the U.S. Government Balance Its Budget?" discusses this important decision the U.S. government faces every year and highlights the useful tools of both fiscal and monetary policy.     Interested in more EdPuzzle videos? Visit our Video Library and type in "EdPuzzle" into the search bar at the top to view the rest of our EdPuzzle videos!  EdPuzzle is a great platform to test for knowledge while students watch a video and learn...

Black Friday 2021 Reading List

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Nov 26, 2021
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Investing, Economics, Budgeting, Insurance, Student Loans
If you are not busy shopping, watching football or sleeping off all the Thanksgiving day food, here are a few articles to keep you occupied.   Investing Morningstar discusses whether gamification is good or bad for investors. This is a good discussion of the place for stocks and bonds in today’s world (and your portfolio.) (NYT) Are GE and J&J just the beginning of the end or marking the end of conglomerates. (NPR) Can you invest in index funds and avoid Chinese stocks? (CNN)...

Reading List for November 19-21

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Nov 19, 2021
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Current Events, Investing, Economics, Student Loans
Investing If you are looking for a longer read, this Mother Jones article looks at the crypto craze and the question of whether or not it is rational to jump into this market. The Federal Reserve Bank of San Francisco takes a look at a proposal to issue a 50-year Treasury Bond. (FRBSF.org)   Economics Read the latest on numbers of quits and job openings and wage growth. (Reuters) Existing home sales reached an eight-month high in September. (Reuters) Job growth over the summer was...