Interactive: Is The Career That You Are Interested In Likely to Disappear?
By Tim Ranzetta
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Jun 28, 2017
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Career, Question of the Day, Research, Current Events, Chart of the Week, Employment
Lots of insightful and sobering interactive resources on this topic of job automation (see here, here and here for additional NGPF resources on this topic). Here’s another from Bloomberg (hat tip to Hari of NGPF and Big Picture Blog):
Quick orientation:
This chart is static, click on the Bloomberg link to use its interactive features
X axis is the probability that job will be automated in the future
Y axis is the average annual salary for a given job
Size of bubble is number...
Question: What Are The Summer Job Prospects for Teens?
Answer: According to Marketplace, prospects are GOOD!
From Marketplace:
The U.S. unemployment rate stands at 4.3 percent, and the tight labor market is giving a bump to young people’s job prospects for the summer. Unemployment among 16- to 19-year-olds fell to 14.3 percent in May — its second-lowest reading since 2006 (it dipped to 13.7 percent in March). Teen unemployment hit a previous low of 12.3 percent in June 2000.
But even as the job situation improves, fewer young people are...
Econ Roundup: Latest Jobs Report Indicates a Healthy Economy, But Are There Warning Signs?
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Jun 05, 2017
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Career, Current Events, Chart of the Week, Employment, Math, Economics
The latest Bureau of Labor Statistics (BLS) Employment Situation Summary report, commonly referred to as the “non-farm Payrolls report”, was released this past Friday, June 2. 138,000 new non-farm jobs were created in the month of May, which was 47,000 jobs lower than the forecast for 185,000 new jobs, while the unemployment rate fell to 4.3% from 4.4% the previous month (BLS, June 2017). What indication does this data provide about the health of the US economy (MarketWatch,...
Chart of the Week: What Is The Future Of Employment?
By Tim Ranzetta
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Jun 04, 2017
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Career, Question of the Day, Chart of the Week, Employment, Interactive, Entrepreneurship
From Visual Capitalist:
Questions for students:
Describe how the chart is organized. How did they decide how to arrange the various jobs?
How would you describe the types of jobs that are likely to be automated?
If the researchers are correct, which jobs are likely to be the most common in our automated future?
Which jobs are least likely to be automated? What are the attributes of those jobs that make the less likely to be automated?
Are there any surprises in this chart?
What jobs do you...
Careers of the Future! A Guest Post from Andrea Stemper
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May 21, 2017
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Career, Lesson Idea, Employment, Featured Teachers, NGPF Fellows
Andrea Stemper’s one of our NGPF Fellows who integrates personal finance into her economics classes (but not for long — she’s also advocating at her district to make personal finance its own elective course, which we’d LOVE to see happen). Adept at integrating financial capability into econ, Andrea’s written in with this suggestion for a lesson on job prospects and supply & demand:
When we think about our jobs, it is important to consider what might be in...
Question: Who Are The Top Earners From The Class of 2017?
From Korn Ferry International, the highest paying fields among the 25 they analyzed were:
As in years past, those entering Science, Technology, Engineering and Math (STEM) careers can expect to garner the best starting salaries. The five highest-paying fields of the 25 jobs in the analysis include:
Software Developer $65,232 (31 percent above average)
Engineer $63,036 (27 percent above average)
Actuary $59,212 (19 percent above average)
Scientist/researcher $58,733 (18 percent above average)...
Interactive Chart: Which Careers Are The Biggest Gamble?
By Tim Ranzetta
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Apr 27, 2017
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Career, Research, Current Events, Chart of the Week, Employment, Interactive
Hat tip to Of Dollars and Data blog (great content for math educators!) for posting this chart (see the interactive version of the chart from plotly):
First, a little orientation: The X axis is hourly median wage for a given career and the Y axis is the differential in wages between the 10th and 75th percentile. So what the graph is telling us is that the careers that have the highest values on the Y axis have the highest percentage increase in wages between top (75th percentile) and bottom...
Chart: Which College Majors Are Hottest (In Employers Eyes)?
By Tim Ranzetta
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Apr 25, 2017
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Career, Question of the Day, Research, Personal Finance, Chart of the Week, Article, Employment
From WSJ:
Questions for students:
Which three majors have the largest imbalance between high employer interest and low percentages of students majoring in that subject?
In this case, do you think those majors have an easy or difficult time finding a job after college?
Which three majors have the largest imbalance between low employer interest and higher percentages of students majoring in that subject?
In this case, do you think those majors have an easy or difficult time finding a job after...
Timing is Everything: What's the Impact of Graduating Into A Recession?
What happens to young people who have the misfortune of graduating into a recession? That’s the question that researcher Bart Cockx of Ghent University, Belgium, and IZA, Germany tries to answer (here’s his one-pager summarizing the research.) This research provides further evidence of importance of education as demonstrated by the differing outcomes based on educational attainment.
I found this research of interest since I saw this phenomenon first-hand in my family. My older...
Resource Lists for Financial Educators (courtesy of Barbara O'Neill of Rutgers Cooperative Extension)
By Tim Ranzetta
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Mar 28, 2017
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Activities, Credit Scores, Career, Paying for College, Research, Budgeting, Credit Cards, Identity Theft, Personal Finance, Investing, Mutual Funds, Savings, WebQuest, Financial Literacy, Student Loans, Checking Accounts, Debit Cards, Payment Types, Stocks, Current Events, Insurance, Video Resource, Case Study, Credit Reports, Employment, Quizzes, Entrepreneurship
What does a distinguished professor do during her sabbatical? Curate personal finance resources, of course! In this blog post, Barbara O’Neill shares the fruits of her hundreds of hours of labor in putting together three awesome resource lists (see bottom of post for links to her lists), including what what she considered the “best of the best” from the NGPF library. As she describes below, the purpose of her odyssey was to replenish her “well” of creative...
Question: What Role Should Work Play In Your Lives?
By Tim Ranzetta
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Dec 07, 2016
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Career, Activity, Teaching Strategies, Current Events, Audio Resource, Article, Employment, Activities
A great question for your students to ponder before diving into your Career unit. The impetus for this question came from a story I heard on the Marketplace podcast:
While listening, ask your students to listen:
What were the common themes that the reporter found most interesting when researching these 100 different jobs?
What insight came from the McDonald’s employee in Iowa?
What was the inspiring insight that the reporter gleaned about the importance of work in people’s lives?...
Interactive: What's Your Leadership Style?
By Tim Ranzetta
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Nov 27, 2016
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Interactive, Career, Teaching Strategies, Current Events, Employment, Entrepreneurship
Plug this interactive into your Career or Leadership lesson and spark a great conversation about leadership styles. Students can complete this simple nine question survey from Quartz and determine what their leadership style is. Here’s a sampling of the statements (or questions) that students will respond to:
Colleagues always prefer to come to me for advice
Why mentor others when you can lead by example?
My instinct is my strongest asset
Recognition from others is a crucial part of my...
A Weekly Round-Up: Schools in the News
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Nov 09, 2016
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Schools In News, Behavioral Finance, Budgeting, Personal Finance, Financial Literacy, Teaching Strategies, This Week In Financial Literacy, Employment
Teaching Teens Financial Literacy at Provine High School, MI. (Jackson Free Press):
Students at Provine High School will soon be able to open up accounts with Hope Credit Union right in their own hallway. The project started as a partnership between Provine High School’s Business and Finance Academy and Hope Credit Union. In the program, students participated in workshops, learning about financial literacy, how credit unions work and the importance of saving money from staff at Hope...
Personal Finance in Your Life: "The Work From Home" Scheme
I was reminded of an earlier blog post (What’s the Catch? Make Lots of Money Working from Home) after seeing this sign at a hotel. A good example of “if it sounds too good to be true…well, it probably is!):
...
Question: What Do Young Americans Wish They Learned More About In School?
By Tim Ranzetta
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Nov 01, 2016
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Question of the Day, Career, Budgeting, Investing, Current Events, Chart of the Week, Taxes, Employment
Not a bad starting point for thinking about what to include when designing a personal finance curriculum. Better yet, share this with your administration to lobby for a personal finance graduation requirement.
From USA Today/Bank of America Survey:
___________
Here are a few of our top resources in those investing and taxes categories:
Investing
Investing unit with six lessons
Activities
Calculate: Compound Interest
Read: What Does It Mean To Own Stock?
Joining the Market
The Fine Print
...
