Sep 23, 2018
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...
Sep 21, 2018
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...
Sep 14, 2018
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...
Sep 07, 2018
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.
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.
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...
Aug 10, 2018
Personal Finance, Savings, Parent Conversations, Economics, Current Events
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...
Aug 05, 2018
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): ...
Jul 13, 2018
Current Events, Economics, Investing, Paying for College, Internships, Retirement
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...
Jul 06, 2018
Current Events, Economics, Student Loans, Personal Finance, Retirement
This detailed Vox article explains what recent Supreme Court rulings at the end of this term mean for American business and the future of Antitrust. Economics nerds will enjoy the good examples of monopoly and monopsony here.
How do American workers fare compared to their counterparts across the world? Maybe not so well.
“Only Spain and Greece, whose economies have been ravaged by the euro-zone crisis, have more households earning less than half the nation’s median income...
Jun 29, 2018
Personal Finance, Economics, Student Loans, Current Events, Taxes, Credit Cards, Credit Scores
Here is an interesting, though depressing look at the employment trends and lack of upward mobility among workers in the lowest quartile.
The markets seem to be taking the impending trade war seriously this week.
Student debt forgiveness is good news. The bad news? Forgiveness comes with a tax bill.
Employers offering help repaying student loans to attract workers in a tight labor market.
Taxes: Have you heard about the post card sized 1040? Here is...
Jun 15, 2018
Economics, Personal Finance, Budgeting
The Federal Reserve voted to raise the target interest rate this week. It was not exactly unexpected.
Are you worried about the level of debt in this country? See how you feel about it after reading this blog from The Fat Pitch on the subject which is full of great graphics!
Can the growth of e-commerce explain why inflation has not accelerated?
I found this piece from Bloomberg on the distribution of wealth in the world to be very interesting.
Here is an explanation as...
Jun 03, 2018
NGPF Fellows, Budgeting, Behavioral Finance, Economics, Teaching Strategies
Teachers will share their experiences in the classroom and how they apply what they learned at NGPF PD events (FinCamps, FinCamps PLUS, Summer Institute and Summit). This week, we focus on NGPF Fellow, Maureen Neuner, from Pinelands Regional High School, Little Egg Harbor (NJ), who explains her 'Pineland Dollars' (named after her school) classroom economy!
Another project we do since we are in the money unit of our class is our "Pinelands Dollars." I set up a simulated saving, earning...
May 25, 2018
Current Events, Personal Finance, Student Loans, Economics, Savings, Paying for College
A long weekend so the list and a couple of the articles are a bit longer.
Savings and Wealth
I plan to dig into this one more this weekend from an NYT opinion piece by the authors of a study on wealth inequality and families. (There is a link to their paper in the article, if you want to really take a deeper dive.)
Think having a million dollars in the bank makes you rich? Not according to bankers: bankers define rich as $25 million.
The number of 401k millionaires at the end of the first...
Apr 27, 2018
Current Events, Economics, Employment, Behavioral Finance, Financial Literacy
What I’m Reading This Weekend (April 28-29)
April has brought us Financial Literacy/Capability Month and "Equal Pay Day." This week's list starts with the first and ends with the last, and we cover global economics, news for teachers, and Amazon was in the headlines so many times they get their own heading this week.
Do you live in one of the five states that received and A from the Champlain College Financial Literacy Center? Here are the top ten...
Apr 12, 2018
Taxes, Current Events, Economics
It’s Tax Time - Tax Week (they are due on Tuesday), so what better time to take a look at the past quarter’s tax headlines.
2017 Tax Filing
Do you put off your taxes until the last moment? Now is your time, and here are some things to check to make sure you are taking full advantage of deductions and credits before new tax laws go into effect.
And do your math correctly, sign the form/check, and put a stamp on it!!!! Avoid making the mistakes people make that delay their refunds....
Apr 11, 2018
Paying for College, Career, Employment, Economics, Question of the Day, Chart of the Week
Answer: About $13 per hour MORE (or over $26,000 per year)
Why do you think that college grads earn so much more than those who start but don't complete?
How has the wage premium changed over the last 40 years? Do you think this wage premium will increase or decrease in the future?
Your friend says that spending $20,000/year to go to college isn't worth it when you can get a job now that pays $25,000. Agree or disagree with him based on the data in the chart.
Click here for...