Category: Financial Literacy

Reading List for May 7-9

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May 07, 2021
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Investing, Economics, Financial Literacy, Identity Theft
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

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Apr 30, 2021
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Financial Literacy, Economics, Investing
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

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Apr 23, 2021
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Financial Literacy, Cryptocurrencies, Economics, Investing
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

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Apr 16, 2021
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Financial Literacy, Investing, Economics
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

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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

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Apr 02, 2021
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Podcasts, Financial Literacy, Personal Finance, Entrepreneurship
 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

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Mar 19, 2021
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Economics, Investing, Budgeting, Taxes, Career, Financial Literacy
  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

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Mar 06, 2021
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Podcasts, Financial Literacy
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

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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

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Feb 26, 2021
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Financial Literacy, Economics, Investing, Cryptocurrencies
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

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Nov 20, 2020
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Financial Literacy, Economics, Investing, Career
  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

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Oct 30, 2020
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Financial Literacy, Economics, Budgeting, Investing, Insurance
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

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Oct 23, 2020
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Financial Literacy, Economics, Credit Scores, Cryptocurrencies
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

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Sep 18, 2020
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Advocacy, Financial Literacy, Economics, Investing, Student Loans
  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

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Sep 04, 2020
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Financial Literacy, Economics, Investing
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...