Category: Economics

Reading List for Labor Day Weekend, 2019

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Aug 30, 2019
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Advocacy, Economics, Investing, Paying for College, Credit Cards, Retirement, Parent Conversations
The Labor Day reading list covers a range of topics, but starts off with two articles by folks well known in the FinLit community. Advocacy Annamaria Lusardi’s most recent article in Education Week discusses how transformative a personal finance class can be for a teenager, but warns that it only works if the teachers themselves are truly fluent in the content and comfortable delivering the information. Can’t disagree with that! A CNBC piece by Billy Hensley (NEFE) explains how...

Reading List for August 23-25

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Aug 23, 2019
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Advocacy, Economics, Investing, Retirement, Insurance, Parent Conversations, Paying for College
A variety of topics for your weekend reading ....   Financial Literacy/Advocacy As Kentucky enacted a law to make personal finance a graduation requirement for High School, three Universities, with support from banks, have taken on the task of providing training for the teachers. (NK Tribune)   Economics The world’s central bankers and top economists are gathered for the annual symposium put on by the Kansas City Fed in Jackson Hole, Wyoming. Fed Chair Jerome Powell addressed...

Reading List for August 16-18

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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...

NGPF Podcast: Thom Gibson and Mike Franz Discuss Classroom Economies

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Aug 16, 2019
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Podcasts, Economics, Activities
Thom and Mike share a common passion: creating classroom economies to bring economics and personal finance to life for their students. Thom and Mike share their different approaches to bringing this engaging tool into middle and high school classrooms. Enjoy! Details 0:00~2:20 Introduction 2:20~7:31 Thom’s YouTube video class and tips to building engagement 7:31~13:07 Mike’s method of bringing economics to life 13:07~22:39 Tom’s middle school classroom economy 22:39~26:40 How...

Reading List for August 9-11

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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

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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...

Reading List for July 19-21

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Jul 19, 2019
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Financial Literacy, Cryptocurrencies, Economics, Investing, Paying for College, Behavioral Finance
Financial Literacy A Forbes article last week tries to explain the drop in financial literacy across the board as revealed in the FINRA 2018 National Study of Financial Capability. Economics The St. Louis Fed provides a comprehensive explanation of the Federal Reserve’s dual mandate, and specifically explains the two percent inflation target. (Medium) Cryptocurrency The proposed Facebook cryptocurrency Libra faces was the subject of congressional hearings this week....

Reading List for July 12-14

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Jul 12, 2019
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Financial Literacy, Economics, Investing, Career
Financial Literacy/Advocacy North Carolina passed legislation requiring students to take a financial literacy class for high school graduation. The required class is actually a full year course covering economics and personal finance, and the law requires teacher training. (MarketWatch) Mark Hulbert argues the underlying issue behind poor financial outcomes is more behavioral than ignorance. (MarketWatch) I tend to think this argues for inclusion of behavioral finance in financial literacy...

Reading List for 4th of July Weekend

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Jul 04, 2019
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Personal Finance, Behavioral Finance, Economics, Investing, Credit Cards, Employment
Happy 4th of July!!  In case you aren't attending a cookout or don't like fireworks, you can get a jump on the weekend reading list! Personal Finance From Investopedia – how to “Declare you own Financial Independence.” Michelle Singletary offers some sage advice for how to handle a delicat situation—when a friend or loved one in financial dire straits asks to move in. (WAPO) Cincinnati’s Julie Heath compares Ohio to the National results from the 2018 Financial...

Reading List for June 21-23

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Jun 21, 2019
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Cryptocurrencies, Advocacy, Financial Literacy, Economics, Investing, Employment, Paying for College, Insurance
Happy Summer! It is officially here! And here is a list covering a wide range of topics for your reading pleasure this weekend.   Financial Literacy The US Treasury (specifically, the Financial Literacy and Education Commission) is calling for colleges and universities to require financial literacy classes. Looks like $1.5 trillion in student debt has some folks worried. (CNBC)  Here is the actual report. Does it help your students to hear about sports stars ultimately making better...

Reading List for May 18-19

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May 17, 2019
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Financial Literacy, Economics, Investing, Parent Conversations, Career, Current Events
Financial Literacy New GFLEC study was released and teachers support mandated personal finance. (PRN Newswire) Tony Isola gives his take on the likely success (or lack of it) of mandated personal finance classes. The issue is not with the concept or the teachers…it is more about the structure of schools. Education/Higher Ed The Higher Ed headlines move from Varsity Blues to SATs new score. An “Adversity Score” being added to SAT scores. The student won’t know what...

Reading List for May 4-5

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May 03, 2019
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Economics, Paying for College, Insurance, Investing, Retirement, Current Events
Economics The jobs numbers were released today. 263,000 jobs were added and unemployment is now measured at 3.6%, a 49-year low. The NYT just published a primer explaining how this is measured. A second NYT article explains why it has taken so long for wages to rise in the recovery, and which sectors are experiencing the most wage growth.  Paying for college Apparently states in search of educated folks to fill jobs are offering assistance with student loan debt as a lure. (WSJ) We...

Question of the Day: Order these countries from highest to lowest tax rates: United States, Germany, Mexico

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Apr 28, 2019
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Taxes, Question of the Day, Economics
It's still April, so how about a QoD about taxes. Thanks to Beth Tallman for providing the question.  Answer: Germany (39.7%), United States (23.8%), Mexico (10.2%) Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Questions: Why do you think that taxes vary so much between countries?  Which country do you think has the best benefits for retirees? Explain. What tax rate do most countries seem to be clustered around?  Behind the...

Reading List for April 27-28

Apr 26, 2019
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Financial Literacy, Paying for College, Career, Payment Types, Investing, Economics
Financial literacy   Interesting data/graphs in this piece from pymnts.com on Americans’ inability to save money and how they manage their bills and debt. (Forbes) lists the six things high school graduates should have access before moving on in life….and yes, financial education is #1. Could early financial education lead to higher earning? (Benzinga) There are great anecdotes in this piece about not making your personal finance lessons (books, blogs, etc.) too...

Reading List for April 6-7

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Apr 05, 2019
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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...