Category: Economics

Reading List for March 30-31

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Mar 29, 2019
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Paying for College, Personal Finance, Advocacy, Current Events, Economics, Investing, Taxes
Advocacy The value of Financial literacy is getting some traction ahead of financial literacy month. (WSJ) Economics Apparently the yield curve inverted last week and recession talk is on the rise. Here is a quick one on the subject from Forbes. Here is a slightly meatier one on the inverted yield curve from SLATE. New World (Retail) Order Can Apple change TV/streaming? What will Apple morph into next? (Bloomberg) Here is what Apple announced on Monday. (CNBC) Can Amazon change grocery...

Reading List for March 23-24

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Mar 22, 2019
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Financial Literacy, Credit Cards, Investing, Taxes, Economics, Identity Theft, Paying for College
Financial Literacy We all know that April is Financial Literacy Month. Forbes will publish this piece on why financial wellness matters. Earlier this month, Forbes also published an article on how Financial Literacy keeps athletes from going broke. Keep the articles coming, Forbes!!! April may be a good time for everyone to do a little financial health checkup. Here is a refresher on limiting potential impact of identity theft. (USA Today) Economics  The Federal Reserve announced no...

QoD: Are there more $1 bills or $100 bills in circulation?

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Mar 17, 2019
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Current Events, Economics
Answer: $100 bills Questions: Any theories on why there are now more $100 bills than $1 bills in circulation [if stumped, read the CNBC article below for the answers] Why do you think that criminals might prefer $100 bills as a store of value? Lots of these $100 bills are held by people outside the U.S. Why might they prefer holding dollars rather than their own currencies?  Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind...

Reading List for March 16-17

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Mar 15, 2019
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Paying for College, Behavioral Finance, Economics, Insurance, Investing, Financial Literacy, Taxes
Happy St. Patrick's Day! Happy Reading! Higher Ed The story of the week has to be this one about the college entrance bribery. (WAPO) (Inside Higher Ed) While we are on the subject, this next article highlights the class differences in the college experience as poor kids tell rich colleges what they are experiencing. (EdSurge) And most people are surprised to learn how low the college completion rate is: (NPR) Student Loan Hero surveyed 1000 people across all generations about their debt. One...

Reading List for March 9-10

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Mar 08, 2019
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Personal Finance, Investing, Financial Literacy, Economics, Employment, Career
Personal Finance Interesting news here: Philadelphia just banned “cashless” stores.   Will any other cities follow? This could spark an interesting discussion. The WSJ article includes graphical representation of who spends cash and when. (WSJ)(NPR) This blog summarizes highlights from this month’s WSJ Journal Report on Investing in Funds and ETFs. One key article answers the top six questions about 529 plans. (WSJ) Investing More about Lyft’s IPO and how...

Interactive Monday: Inflation/Deflation

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Mar 03, 2019
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Interactive, Economics
Inflation is one of those economic phenomena that most people underestimate. Why? When prices change 2-3% a year, it's hard to notice. Over a decade or two, those small annual changes compound and become significant.  The Official Data Foundation has an inflation calculator by product category which provides a multitude of opportunities to demonstrate to your students inflationary changes since 2000 (which may coincide with your students' birth dates. A few activity ideas: 1. Why is the...

Reading List for March 2-3

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Mar 01, 2019
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Personal Finance, Insurance, Investing, Economics
Personal Finance Michele Singletary at WAPO talks about the importance of getting kids to be financially literate and what parents can do to promote this. The article features JumpStart and checkmyschool.org. Personal Finance on an Index Card: from Harold Pollack. (University of Chicago)   This one got lots of social media coverage: NFL player teaches finlit at an Ivy League School! (WSJ) Some sound advice suggesting quarterly money reviews with your S.O. and how to conduct them....

Interactive Monday: What are the rental costs in your community?

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Feb 24, 2019
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Interactive, Budgeting, Research, Math, Economics
Hat tip to Joy Tavano of North Kingstown High School (RI) who shared this resource in a recent PLC with Jessica. The site, rentdata.org,  has detailed information about average rents in every county in the U.S. and better yet provides the information on a historical basis back to 2006. Given that housing costs are typically the largest cost component in a budget, this interactive provides students with a sense of the cost of living in their community. For students who consider moving to...

Reading List for February 9-10, 2019

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Feb 08, 2019
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Budgeting, Career, Investing, Economics, Paying for College, Advocacy
Advocacy/Legislation New bill would require students in Texas to pass financial literacy class. (KXAN) Paying for College A NEFE study shows that mandating personal finance education DOES make a difference when it comes to borrowing for college. Did you know that February is Financial Aid Awareness Month? Look out for more on this subject this month! Credit Looks like the CFPB will not pursue any rules to crack down on payday lenders as proposed in 2016. (NPR) (NYT)  This is open for...

Reading List for Feb 2-3

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Feb 01, 2019
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Economics, Investing, Taxes, Retirement, Budgeting
Economics A whopping 304,000 jobs were added in January, but December’s 312,000 was revised down to 222,000. Get all the details here: (NYT) Investing State Street basically invented the ETF, so why has its share of the ETF market steadily declined over time. (WSJ) December market performance was the worst since the Great Depression, but January was the best in 30 years!!! Talk about volatility! (CNBC) Budgeting Do your budgeting lessons include covering hospital bills? These stats...

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...