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...
Apr 09, 2018
Paying for College, Student Loans, Career, Economics
We just watched the Final Four (congrats to Villanova!), and it is now College Decision Month. My news feed is filled with college acceptance statistics and my college email filled with reminders of all of the activity on campus as admitted students come to visit. If we teach seniors, we are well aware of their stress as they compare programs, negotiate financial aid and make what is probably the biggest decision of their young lives so far.
A New York Times Upshot article entitled...
Apr 06, 2018
Current Events, Economics, Personal Finance, Investing
What I’m Reading This Weekend (April 7-8)
This week's reads include an International Final Four of higher ed financing, going cashless, Spotify's entrance on the stock market, and some information about potential trade wars. There are also some reads on the connection between health and wealth, and information for teachers on repaying your own student loans. Happy reading, and happy weekend!
We know payday lenders are bad….but not as bad as...
Mar 30, 2018
Podcasts, Entrepreneurship, Economics, Math
Brian Bean definitely took the road less traveled—though not always of his own accord—to become a teacher. After a Ponzi scheme he invested in went bust, he vowed to teach the younger generation about money management. What his students simulate in his classroom economy at Tomball Memorial High School (TX) will undoubtedly be situations they face in the “real world,” and Brian wants to prepare them as best he can. This personal finance math teacher extraordinaire has...
Mar 16, 2018
Economics, Purchase Decisions
What do researchers tell us about the smartest ways to manage email at work...so it doesn't manage you?
For a raw and realistic look at waiting on tables, watch this NYT video – told by the women doing it. Some lessons in here for all who contemplate taking jobs relying on tips.
NGPF released this Number Chug "Covering Tax and Tip" focused on the math behind gratuities
Robots won’t get here in time to alleviate the projected 8.2 million worker shortage over...
Feb 15, 2018
Behavioral Finance, Personal Finance, Current Events, Career, Economics, Entrepreneurship
Financial literacy bill makes way through House (The News-Enterprise)
Kentucky moved a step closer this week to making financial literacy a graduation requirement. The House Education Committee heard testimony Tuesday on House Bill 132, sponsored by state Rep. Jim DuPlessis, R-Elizabethtown. The bill requires all students to take a financial literacy course before graduating high school.
Real life creates real money for area high school students (The Luminary)
Remarkable play, good...
Feb 04, 2018
Investing, Economics, Savings, Employment
This week Beth digs deeper on the stock market, recent economic growth, tightening labor markets and whether our growing federal budget deficits should keep us up at night. While all economic indicators seem to be flashing "green," last week's stock market tumble might signal less rosy times ahead (or maybe it's just a brief respite after a sharp rise in January). Beth asks some great questions to spur classroom discussions!
Anyone else concerned about how long the...