Category: Economics

Question of the Day: What percent of voters think the economy is an important issue this election cycle?

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Nov 05, 2018
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Question of the Day, Chart of the Week, Economics
Answer: 78% Questions: Is the economy an important issue for you/your family at this time? Explain.  What would be your headline for the chart above?  Why do you think the economy was so important during the mid-term election in 2010?  What do you think the relationship is between unemployment rates and how important the economy is to voters?  Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind...

Reading List for November 3-4

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Nov 02, 2018
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Financial Literacy, Cryptocurrencies, Economics, Paying for College, Retirement, Insurance
Financial Literacy A survey by Ipsos on behalf of MNT, Ltd reveals that apparently, Canadians need help with financial literacy education as well. The Visual Capitalist depicts the US problem with financial literacy in pictures. Economics/Cryptocurrency 250,000 jobs added this month, unemployment at 3.7%, and wages starting to increase (NYT), so what’s the problem? The Opportunity Index answers that question, and Third Way breaks it down for you. It may be worth the half hour it will...

Burritos, Coffee or Hamburgers: Which had the largest increase in prices in the last year?

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Oct 31, 2018
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Budgeting, Economics
Answer: Coffee with 8.9% increase Questions: Why do you think prices for these items are increasing? Have you noticed other items that you typically buy going up in price?  Why do you think inflation matters? If someone's pay goes up 3% and prices (inflation) go up 4%, have they gained or lost purchasing power? Explain.  Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (WSJ; subscription...

Reading List for October 27-28

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Oct 26, 2018
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Economics, Investing, Credit Scores, Current Events
Economics Have real home prices entered a cyclical downturn? What does that mean? (Bloomberg) What impact is the limitation on SALT (State and Local Property Tax) deductions having on the housing market, especially in the Northeast? I’ll give you one guess. (Bloomberg) The New York Times "Upshot" takes a look the mystery of today’s low wage growth in spite of very low unemployment. NBC News examines whether people are better off economically since 2016. Unemployment is low, but...

Reading List for October 20-21

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Oct 19, 2018
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Paying for College, Investing, Economics, Retirement
Paying for College The majority of this week’s articles happen to be related to paying for college: the cost of college, student loan forgiveness, financial aid and how parents pay for college. I have also included a link to Beth Kobliner’s website and her series on paying for college, which you could recommend to parents. After reporting that the “sticker price” of college keeps rising, the WSJ explains that the REAL cost is not. A study by Sallie Mae finds that on...

NGPF Podcast: Tim Talks to Financial Writer and Analyst Nick Maggiulli of Ritholtz Wealth Management

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Oct 19, 2018
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Podcasts, Investing, Index Funds, Economics
Nick Maggiulli of Ritholtz Wealth Management writes a blog, Of Dollars and Data, which combines his love of markets with his gift for writing about finance in interesting ways. He makes difficult financial concepts more approachable to the masses using anecdotes and analogies that even finance newbies can understand. Yet, his blog also draws in finance experts who find value in his thought-provoking analysis. I’ve cited quite a few of his articles in the NGPF blog, and I...

Interactive Monday: What a map of every building in the U.S. can teach us about economic development

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Oct 14, 2018
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Interactive, Economics, Current Events
I woke up this morning to a cool interactive from NYT (hat tip to Big Picture Blog) with a map of every building in America. Just type in any town or city that you are interested in and you see a satellite view with the outlines of every building in that area. You can hook your students by telling them they have been hired to be economic development sleuths. They will be using satellite views of their community to figure out what drives their local economy.  So, for example, here's a...

Reading List for October 13-14

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Oct 12, 2018
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Investing, Current Events, Economics, Paying for College, Math
Investing Bringing you lots of relevant articles on investing this week, from current events (stock market drop this week and interest rate increases) to analysis of booms, busts, and advice. Wednesday’s market drop as explained by the New York Times. Here is an article from 2016 by Ron Lieber (NYT) that came up in my feed but is timeless advice relating to this week’s market movement. Neil Irwin explains in his Upshot article (NYT) the upside of rising interest rates. This one from...

Interactive Monday: Household Income by County

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Sep 23, 2018
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Economics, Interactive
Courtesy of Overflow Data, here's a map infographic showing median household income broken down by county and state.  The data comes from the 2016 U.S. Census Bureau American Community Survey.  A few things to note about the map: Median household income ranges from about $20,000 (white on the map) to $75,000 (green). Roll over or select a county to see its name and median household income. The chart below the map shows median household income on the vertical axis.  The size of...

Reading List for September 22-23

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Sep 21, 2018
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Economics, Personal Finance, Retirement
Ten-Year Anniversary of Lehman failure/Great Recession Coverage continued through the weekend on this event, so here are just a few more good articles on the subject.  A special section of Sunday’s New York Times was devoted to the ten-year anniversary of the financial crisis. Here is one of the articles on where the next recession may come from. Along those lines, economics wonks are looking around every corner for the trigger for the next crisis. Business Insider brings you Martin...

Reading List for September 15-16

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Sep 14, 2018
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Current Events, Economics, Paying for College, Financial Literacy, Identity Theft, Retirement
Included a few extra articles this week as we recognize the ten-year anniversary of the Lehman failure and start of the Great Recession.....and a collection on paying for college as we start the new school year. Ten Year anniversary of Lehman failure What have we learned? Neil Irwin in his UpShot article compares current times to the 1990s looking for lessons. The WSJ looks back at how the Great Recession changed our relationship with risk. This WSJ/The Outlook discusses if the Fed has new...

Reading List for September 8-9

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Sep 07, 2018
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Paying for College, Economics, Investing, Credit Scores, Career, Current Events
We will start this week off with an interesting history of the evolution of Labor Day from the New York Times. Economics This story from MarketWatch discloses new data recently disclosed by the Urban Institute that suggests 40% of Americans struggle to pay for necessities like food and rent. Investing  This article from FORTUNE magazine discusses how socially responsible investing can yield good results and provide adequate diversification. Amazon joins Apple at the $1 Trillion market...

What I'm Reading This Weekend (August 11-12)

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Aug 10, 2018
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Personal Finance, Savings, Parent Conversations, Economics, Current Events
Personal finance Banks and credit unions are talking about providing financial education as a competitive “weapon.” Is this good or bad? Buying a car? Here is a quick video reminder of warning signs indicating you should walk away. Parenting, Teens, and College Parents, especially mothers, are teaching their kids about money. Is the tide turning? Here are two studies/articles that suggest perhaps they are. One from Current suggests that teens save for goals, and according to...

Infographic: How Does America Use Its Land?

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Aug 05, 2018
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Economics, Research, Interactive
This may fall more into the category of Business or Economics but there is a fascinating interactive that shows how land use drives local economies in the U.S.. The designer creatively used a map to give readers some sense of the percentage of land used for each of these purposes. For example, the amount of land used for cow pasture/range would take up much of the midwest. (Note: This is only one of the 13 different graphics so please go to the link to find other surprising map): ...

What I'm Reading this Weekend (July 14-15)

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Jul 13, 2018
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Current Events, Economics, Investing, Paying for College, Internships, Retirement
Economics Inflation ticked up in June to 2.9%, the highest level in 6 years. What does that mean for workers? (see Chart of the Week below) Rare earth metals, critical in production of Americans’ extra appendage (cellphones), come from China. How will the trade wars with China impact this market?  Higher Ed and News for Recent Grads The state of student loan debt in words and pictures! Berklee College of Music finds success by bucking the trend and making its Online program a...