Category: Economics

Question of the Day: Which country had the highest household savings rate in 2017: U.S., Korea or Switzerland?

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Jan 28, 2019
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Question of the Day, Savings, Economics
Answer: Switzerland Top 5 in OECD Countries in 2017: Switzerland 18.7% Sweden 15.9% Luxembourg 14.3% Germany 9.9% Korea 8.9% Curious about the U.S.? It had a household savings rate of 3.4% in 2017.  Questions: Why do you think that some countries have persistently higher savings rates than other countries? Name at least two reasons.  Why do you think the savings rate in the U.S. is so low when compared to these other developed economies?  What are ideas you have to boost your...

Reading List for Jan 5-6

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Jan 04, 2019
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Personal Finance, Checking Accounts, Investing, Stocks, Mortgages, Paying for College, Economics
Happy New Year!  Our first reading list of the year includes a couple of pieces that take a look back at 2018, including the wild ride on the stock market, as well as some "newer" news.  Enjoy! Personal Finance Our friend Barbara O’Neill provides a great overview of what happened in the world of Personal Finance in 2018. (Journal of Financial Planning) Beth Kobliner examines a Brooking Institute report on Artificial Intelligence and relates it to Financial Literacy....

NGPF Podcast: Tim Talks to Creative Educator Jim Wasserman On How To Build Student Engagement

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Dec 28, 2018
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Podcasts, Teaching Strategies, Economics
  Once an educator, always an educator. Jim Wasserman took a page from his own book—literally!—and now he’s happily living his “third life” la buena vida with his wife (and investment guru) Jiab in Seville, Spain. This renaissance man found a way to jazz up his economics class and boy has he amassed quite the collection of student stories over the years. Hear Jim dive into how his classroom experience shaped his life and be inspired to go back to your...

2018 Holiday Reading List

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Dec 21, 2018
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Personal Finance, Investing, Index Funds, Student Loans, Economics
Our holiday reading list is a bit longer than our usual list….it will have to last you two weeks! We hope you have a little down time to dig into some of the longer articles on the list. Enjoy your break and Happy Holidays to all!!!   Personal Finance Experian reportedly will begin including utility payments in the credit score calculation, giving millions of people who only use debit cards a credit history/score. (WSJ) With all of the changes in the tax laws for 2018, here is a...

Reading List for December 8-9

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Dec 07, 2018
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Personal Finance, Retirement, Economics, Financial Scams
Personal Finance Two articles popped up on this topic this week based on a research paper by economists at the Fed: Millennials are bucking trends not because they don’t want the same things previous generations wanted, but because they can’t afford them. (WAPO) (The Atlantic) Ever go into a fast food restaurant and find you can’t pay with cash? No problem, unless you don’t have a credit/debit card or smartphone. (NYT) Financial scammers play on your emotions, among...

Reading List for December 1-2

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Nov 30, 2018
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Personal Finance, Mortgages, Investing, Mutual Funds, Career, Economics
Personal Finance Kids and Christmas – tis that season once again, and Michelle Singletary shares some advice for keeping the spending under control. (Spoiler Alert: it can get easier if they no longer believe in Santa. (WAPO) Are you caring for a parent? Michelle Singletary looks at both the personal and financial burden of caring for a loved one. (WAPO) Millennials' spending habits have had significant impact on the economy.  A new Fed study explains why they aren't spending (like...

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...