Reading List for May 7-9
Financial Literacy
Market Watch covers the research explaining the gender gap in financial literacy (confidence).
Investing
It’s the season of annual shareholder meetings. Here are the highlights from this year’s address by Buffet and his team. (Yahoo)
The market is still going gangbusters. Here is a trio of posts on the growth:
Reuters discusses the midweek bounce and economic data.
The NYT explains why the proposed tax increase isn’t dampening enthusiasm....
Reading List for April 30-May 2
Financial Literacy Month
This story from Hawaii explains how parents are using apps to teach their kids about money when schools don’t. (KITV)
This Atlanta Fed article highlights research that concludes children form money habits by the age of seven and describes a few resources that can be used with younger kids.
Economics
First quarter GDP figures came out at 6.4%, leaving the economy just 1% below it’s pre-pandemic high. (AP) (NYT-graph below from this article)
...
Reading List for April 23-25
Financial Literacy
More experts weigh in on the importance of teaching personal finance to students before they leave high school. (CNBC)
Cryptocurrency
What is Coinbase, and how do you use it? (CNBC)
Cryptocurrencies took a beating this week. Find out why. (USAToday)(Yahoo Finance)
What is the deal with Dodgecoin? (Yahoo Finance)
Economics
The newest Federal Reserve Governor makes his economic outlook public. (CNBC)
Speaking of the Fed, some are criticizing the politically...
Reading List for April 16-18
Financial Literacy Month
According to a new survey from Step, 97% of GenZ think financial literacy is important. (Yahoo Finance)
The American Banker is suggesting to its bank and credit union constituents that financial literacy is the key to attracting a broader base of customers.
Investing
CoinBase had a successful IPO this week (AP News), as did online betting company Esports (Seeking Alpha).
What does the Coinbase listing means for the price of bitcoin and other...
Reading List for April 9-11
By Beth Tallman
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Apr 09, 2021
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Financial Literacy, Economics, Investing, Cryptocurrencies, Mortgages
Financial Literacy
CNBC posted three different articles in about 24 hours about the importance and impact of a personal finance education, and all three include quotes from Tim Ranzetta and NGPF research.
Early financial education
State of personal finance education
Financial literacy can reduce the racial wealth gap
Investing
NFTs seem to have been a flash in the pan. (The Atlantic)
Jamie Dimon’s annual letter to shareholders got some press this week. JPMorgan Chase’s...
NGPF Podcast: Northwestern's Donna Wang Su on why college students need financial education too
While NGPF's original focus was on creating curriculum for the high school student, we know that only 1 in 5 high schoolers are guaranteed to take a course. So, no surprise that most college students lack financial skills and are in need of this essential course. The good news is that there are amazing educators like Donna Wang Su in colleges across America to fill in the gaps. In this podcast, Donna will share the distinct challenges that entrepreneurs face in managing their personal...
Reading List for March 19-21
Economics
Retail sales fell in February. Was it the cold? Or did folks run through their stimulus money in January. (CNN)
Weekly unemployment were back up slightly from last week. Read about new and continuing claims from AP.
Fed FOMC met this week and will likely keep rates at or near zero until 2023 and expects GDP growth to hit 6.5% this year. (AP, Yahoo Finance)
Trying to remember how the Federal Reserve Bank handled the impending financial crisis a year ago? Here is a good recap....
NGPF Podcast: Örn Valdimarsson on the state of financial education in Iceland
After a successful career in finance, Örn Valdimarsson has made it his mission to improve financial education in his home country of Iceland. In this NGPF podcast, Orn describes what motivated him to teach, what topics he prioritizes in his classroom based on student interest as well as the bigger picture on the state of financial education in Iceland. What makes me think I have the best job on the planet is opportunities to meet people across the world like Orn who are kindred souls when...
Reading List for March 5-7
By Beth Tallman
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Mar 05, 2021
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Financial Literacy, Economics, Investing, Cryptocurrencies, Retirement, Budgeting
Financial Literacy
ICYMI--Here is a link to Tim Ranzetta’s piece for The Street.
Economics
This week marked Fed Independence Day (Happy 70th!). Here is a Planet Money episode explaining what that is all about.
Speaking of the Fed, Jerome Powell’s comments yesterday about the potential for some inflation as the economy restarts sent markets moving. (CNBC)
For more on Powell’s message stressing patience, read the NYT explanation.
Initial jobless claims...
Reading List for February 26-28
Financial Literacy
More players have jumped into the financial literacy effort.
Nike’s partnership aims at kids (Yahoo Finance).
The Skimm’s new SkimmU is aimed at its largely female following (7 million subscribe to its daily news feed).
Economics
Here is a great summary of where Janet Yellen stands on current top economic issues. (NYT)
Last week’s first-time jobless claims dropped over 100,000 from the previous week. The number is still huge. (Yahoo Finance)...
Reading List for November 20-22
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...
Reading List for October 30-Nov 1
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...
Reading List for October 23-25
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...
Reading List for September 18-20
Financial Literacy/Advocacy
Carly Urban’s latest research paper is now available. Download the paper or the brief.
“This paper and brief, authored by Jeremy Burke, J. Michael Collins, and Carly Urban, estimates the causal effect of required high school financial education on the financial well-being of young adults.”
Economics
New home construction slows in August, particularly multi-family construction. (MarketWatch)
August retail sales...
Labor Day Weekend Reading List
Financial Literacy
The National Financial Educators Council jumps on bandwagon with a petition calling for nationwide comprehensive financial education to be delivered in high school.
Economics
Experts from the Economist answer questions about the pandemic and impact of stimulus measures in the US. (Warning, these experts necessarily discuss politics but in a neural, factual sense.)
Government debt will surpass GDP for the first time since 1946 (WWII)! (NPR)
The payroll tax deferment...
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