Category: Economics

Digging Deeper: The “Amazon Effect”

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Dec 11, 2017
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Purchase Decisions, Economics, Current Events, Research, Chart of the Week
Amazon is so good at keeping prices low, it’s changed how economists think about inflation I was immediately skeptical of the conclusion implied by this headline.  Yes, Amazon is pervasive in everyone’s lives at this point, but could one company permanently shift inflation? I asked my resident economist if this was really a thing. The answer? YES.  This IS a conversation economists are having.  The Quartz article cites Kevin Kliesen, an economist at the St. Louis Fed....

What I'm Reading This Weekend

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Dec 02, 2017
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Current Events, Economics, Cryptocurrencies, Article, Interactive, Investing
I am going to try (note the word "try") to make this a regular weekly feature of the blog. The goal: a curated list of articles for your weekend reading that will pique your interest, increase your content knowledge and keep you abreast of trends in personal finance. Thanks to Beth Tallman for generating this first list! Interactive Interactive chart that from St. Louis Federal Reserve showing subprime population at county level. Great discussion starter about economic trends in your local...

Question of the Day: What is the median sales price for existing homes in the U.S.?

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Nov 29, 2017
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Mortgages, Economics, Math
Answer: $247,000 (as of October 2017) From National Association of Realtors: "The median existing-home price2 for all housing types in October was $247,000, up 5.5 percent from October 2016 ($234,100). October's price increase marks the 68th straight month of year-over-year gains.Total housing inventory3 at the end of October decreased 3.2 percent to 1.80 million existing homes available for sale, and is now 10.4 percent lower than a year ago (2.01 million) and has fallen...

Question: How much money is there in the world?

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Nov 28, 2017
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Economics, Question of the Day, Research, Savings, Chart of the Week, Stocks, Investing, Current Events
Answer: It depends on how you define money. From $7.6 trillion (physical currency) to $90 trillion (broad money).  This audio and infographic below are great ways to bring the concept of money to life and also help provide context to the size of the various markets and the U.S. position relative to the rest of the world.  Audio from Marketplace (hat tip to Sonia; duration, 3:19):  Questions:  What type of money is included in M0 (zero)?  What is included in the term...

NGPF Podcast: Tim Talks to Jeff Desjardins, Founder and Editor of Visual Capitalist

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Sep 28, 2017
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Podcasts, Economics, Current Events, Entrepreneurship
I discovered Jeff's company, Visual Capitalist, a few years ago while surfing the web in my daily quest for material for the NGPF Blog. Since that first discovery, we have used their resources multiple times. Why? They have an extraordinary ability to use infographics and data visualizations to take complex ideas and make them simpler. Given that we live in a world where data analysis is more important than ever, I thought his work would be appreciated by educators looking for fun ways to...

Top 5 on NGPF Blog

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Sep 18, 2017
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Generosity, Identity Theft, Career, Economics, Employment, Compound Interest, Entrepreneurship
Here are the recent posts that have been attracting the most eyeballs: Steal of the Century: Equifax Hacked Looking for more on this event? Check out this list of links I came across today. Let's Pick A Side Hustle Infographic listing 25 "side hustles" which can make for an interesting classroom discussion How to Set Up A Mock Career Fair in Your School The NGPF team participated in this event at Carlmont High School in Belmont, CA. Thanks for John Rowe for inviting us into the...

Question: Are College Costs Rising?

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Jul 23, 2017
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Chart of the Week, Paying for College, Question of the Day, Research, Current Events, Math, Economics
From WSJ (Subscription required): Questions for students: Create a one sentence description for the trends seen in each of the two graphs. A friend says, “What a bummer that college costs keep rising at an incredible rate!” Using the data from the graph on the left, provide a response to her assertion. Since 1990, all consumer prices (aka the rate of inflation) have basically doubled. Using the rule of 72, make an estimate as to what the inflation rate has averaged from 1990-2016....

The Retail Industry Changed Last Week...NGPF Has Resources Aligned To These Current Events

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Jun 18, 2017
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Current Events, Career, Index Funds, Investing, Financial Literacy, Stocks, Purchase Decisions, Economics
This has been a big week of news related to the Retail Industry in the U.S., with implications for the economy, jobs, shoppers, and investors. This post will explain the big events for the week, their implications for you and your students while also providing activities and lessons that are aligned to these current events. What’s Happening? US Retail Sales declined month-over-month in May, suffering its biggest decline in 16 months.  Coupled with lower inflation, this data suggests...

Econ Roundup: Latest Jobs Report Indicates a Healthy Economy, But Are There Warning Signs?

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Jun 05, 2017
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Career, Current Events, Chart of the Week, Employment, Math, Economics
The latest Bureau of Labor Statistics (BLS) Employment Situation Summary report, commonly referred to as the “non-farm Payrolls report”, was released this past Friday, June 2.  138,000 new non-farm jobs were created in the month of May,  which was 47,000 jobs lower than the forecast for 185,000 new jobs, while the unemployment rate fell to 4.3% from 4.4% the previous month (BLS, June 2017).  What indication does this data provide about the health of the US economy (MarketWatch,...

What is Bitcoin and How Does Cryptocurrency Work? (A Primer)

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Jun 01, 2017
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Current Events, Identity Theft, Investing, Financial Literacy, Payment Types, Article, Math, Cryptocurrencies, Economics
Recently, Bitcoin, the most famous of the cryptocurrencies, has soared to all-time highs (Fortune, May 2017), increasing the amount of press attention and internet searches (Google Trends, May 2017) surrounding the little-known digital currency.  We’ve also heard this question from many of our users, “what is Bitcoin and what do my students need to know about cryptocurrencies”?  You are not alone!  83% of respondents in a 2015 survey conducted by PwC were “slightly...

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