Category: Economics

Black Friday 2020 Reading List

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Nov 27, 2020
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Economics, Investing, Behavioral Finance, Student Loans, Cryptocurrencies, Taxes
Hope you all had an enjoyable and safe Thanksgiving yesterday! Black Friday Here is one out of the UK to read BEFORE you do any Black Friday shopping, using behavioral economics to explain marketing tactics. (MouthyMoney) While we are on Black Friday—what will it look like? (Probably like Cyber Monday.) (USA Today) And Nathan Burrow of the NYT shares advice on how to avoid overspending on Black Friday. (NYT-subscription) Economics Surprise!? Consumer Confidence fell unexpectedly in...

Reading List for November 20-22

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Nov 20, 2020
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Financial Literacy, Economics, Investing, Career
  Financial Literacy Survey data suggest a pre-pandemic gap in financial knowledge of women that is especially concerning as they are disproportionately impacted by the pandemic’s financial strain. (Phys.org)   Economics The IMF director warns that the coronavirus could disrupt any global recovery during a meeting with G20. (APNews) Initial unemployment claims back on the upswing last week for the first time in 35 weeks. (AP News) Here is Morning Brew’s summary of the...

EconExtra: Does GDP Truly Reflect an Economy's Strength?

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Nov 19, 2020
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Economics, Current Events
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: GDP headlines do not seem to mesh with the underlying health of the US Economy. We visited the recovery earlier this fall in GDP in the EconExtra “The Alphabet Soup of Economic Recoveries,” covering the prospects for a...

Reading List for November 13-15

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Nov 13, 2020
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Investing, Economics, Student Loans, Budgeting
Investment Retirement account balances on the rise, as are 401k “Millionaires.” (Yahoo Finance) The pandemic seemed to be driving the market this week: soaring when promising vaccine results were announces, then fell back as case numbers continue to spike. (Yahoo Finance) It is going to be a big year for consumer tech IPOs. (CNBC) Instacart is one of many companies planning an IPO in coming months. (Fox Business)   Economics Unemployment claims moving in the right direction,...

EconExtra: Friedman’s “The Social Responsibility of Business” Turns 50

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Nov 12, 2020
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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 Milton Friedman, the father of “free-market” or libertarian economics, published his groundbreaking essay, “The Social Responsibility of Business” in September 1970. His basic argument was that corporate...

5 Resources to Decipher the U.S. Debt Clock

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Nov 10, 2020
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Interactive, Student Loans, Credit Cards, Economics
The U.S. Debt Clock illustrates our soaring debt by the second. As sobering as it is, it can serve as a springboard into multiple personal finance topics.  Student loan debt By the time readers are engaging with this article, our national student loan debt may have surpassed $1.7 trillion. Use this to ignite a discussion and select one of these three interactives to extend their learning. Credit card debt American consumer credit card debt is approaching $1 trillion, and I have to wonder,...

Reading List for November 6-8

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Nov 06, 2020
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Investing, Economics
Investing   Doesn’t seem like the stock market cared about the outcome of the election, just that it was over as markets look like they will have their best week since April. (CNBC) Who owns the stock market? Read results of new research from the Urban-Brookings Tax Policy Center. (Irrelevant Investor) Should bitcoin have a place in mainstream portfolios? The thinking on this seems to be evolving. (Seeking Alpha) Speaking of Bitcoin: Bitcoin value driven up as the US Government...

FinCap Friday: Fed Up!

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Nov 05, 2020
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FinCap Friday, Economics
In the first week of November 2020, the Federal Reserve announced that - after two days of meetings - they decided not to make any changes to the current federal funds rate. Many people saw this coming because interest rates were already at zero due to the impact of coronavirus. But, while the media covers the Fed changing rates year over year, most people have no clue what this means or what the Federal Reserve actually does. Find out about this recent announcement and what it means in this...

NGPF Podcast: Mark Schug and Dan Otter (403bwise.org) discuss financial fitness for teachers

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Oct 31, 2020
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Podcasts, Investing, Economics
This podcast was produced from an NGPF Speaker series event held in October of 2020 with guests Dan Otter of 403bwise.org and Mark Schug, President of Mark Schug Consulting Services and Professor Emeritus at the University of Wisconsin-Milwaukee.  Details: 0:00~1:42 Introduction 1:42~13:00 Dr. Mark Schug and Dr. Dan Otter introduce themselves 13:00~16:26 On writing books for teachers 16:26~18:18 Dr. Schug’s book structure: case studies 18:18~20:09 Teachers can be rich too...

Reading List for October 30-Nov 1

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Oct 30, 2020
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Financial Literacy, Economics, Budgeting, Investing, Insurance
Hope you all have a happy and safe Halloween!   Financial Literacy Ally is “leaning into gamification” to attack the financial literacy gap, beginning with “Animal Crossing.” (PRNewswire)   Economics Yahoo Finance provides a wrap-up of this week’s economic data releases. * Consumer spending increases 1.4% in September * Personal income rebounds 0.9%; savings rate dips to 14.3% * Core PCE price index rises 0.2%; up 1.5% year-on-year GDP rebounded in...

Econ Extra: Measuring Employment and Unemployment

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Oct 29, 2020
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Economics, Current Events
  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.   #1 The Issue Employment and unemployment statistics are regular headline news these days. (CEE Content Standard 8) Most people have a very limited knowledge of how each one is calculated—who is counted and who is not. (Except for the weekly...

Reading List for October 23-25

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Oct 23, 2020
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Financial Literacy, Economics, Credit Scores, Cryptocurrencies
Financial Health PRNewswire reports on an extensive three-part survey by Lending Tree and Stash to look at the financial health of people during the Covid-19 crisis. Here are the key findings: Due to the economic impact of the COVID-19 crisis, 1 in 4 people expect to retire later than anticipated. That's especially true for those who make less than $35,000 (34%) and Gen Xers (29%), as well as Latino (30%) and Black consumers (28%). People of color are facing heavy financial...

EconExtra: What do WWII and the Covid-19 Pandemic have in common?

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Oct 22, 2020
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Economics, Current Events
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.   #1 Present the Issue What do World War II and the Covid-19 Pandemic have in common? They both have driven US debt to over 100% of GDP. Here are the headlines and key takeaways about this year’s record-breaking budget deficit announced last...

Reading List for October 16-18

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Oct 16, 2020
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Current Events, Economics, Investing, Paying for College, Budgeting, Insurance, Retirement
Economics Retail sales up 1.9% in September. (CNBC) The unexpectedly big gain in spending comes after months of historically high savings as consumers retrenched due to the Covid-19 scare. The personal savings rate peaked at 33.6% in April and remained at 14.1% in August, the highest pre-pandemic rate since June 1975. (Ed Yardeni) took a closer look at the recovery by sector of the economy in his blog post dated October 9.  First-time unemployment claims of 898,000 back on the rise this...

EconExtra: Pandemic Wreaking Havoc on State Budgets

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Oct 15, 2020
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Economics, Current Events
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/ Huge State Revenue Shortfalls The Tax Foundation summed up the situation back in April. The situation was dire enough to drive a $150 billion allocation to state and local governments as part of the CARES act referred to below. ...