Category: FinCap Friday

FinCap Friday: Protection or Deception?

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Sep 24, 2020
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FinCap Friday
This week's episode dives into the topic of overdraft fees and how banks have been using shady practices in order to collect overdraft fees one way or another. About 30% of Americans with checking accounts pay overdraft fees and over the past few years the average fee for overdrawing your account has been steadily increasing. A recent incident with a major bank being responsible for paying a hefty penalty to the CFPB for breaking the rules with overdraft fees has brought this topic into the...

FinCap Friday: The $1 Billion Merger

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Sep 17, 2020
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FinCap Friday
This week on FinCap Friday, we are taking a look at recent news about a new bank merger. Two existing banks will unite to create the largest Black-owned bank in America. This is a buzzing topic in the media because the number of Black-owned financial institutions has decreased since the early 2000's. How many Black-owned banks remain today? How much money will the new bank have after this merger? Find out in this week's episode below:  If you're short on time, try our simplified FinCap...

FinCap Friday: Friending, Then Spending

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Sep 10, 2020
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FinCap Friday
In this FinCap Friday episode we dive into some recent data about social media usage, particularly among teens. There are several negative correlations linked with higher usage of social media, but what are they specifically? Is there anything that people can do to take action and prevent the negative outcomes or decrease the likelihood of the negative outcomes in their own lives? Find out more about this and more in this week's FinCap Friday: If you're short on time, try our simplified FinCap...

FinCap Friday: The $10 Million Deposit

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Sep 03, 2020
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FinCap Friday
This week on FinCap Friday, we look at the recent news about deposit made in the amount of $10 million at a Black-led credit union in Mississippi. The deposit was made by a major corporation in response to the demand for racial and economic justice surrounding the Black Lives Matter movement. Which corporation made this major money move? How will this affect the community-owned financial organization selected? Find out in this week's FinCap Friday: If you're short on time, try our...

FinCap Friday: Wanna Split an Apple?

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Aug 27, 2020
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FinCap Friday
Back by popular demand: FinCap Friday is in full effect for a brand new season! For the EdPuzzle version of this resource, click here! This FinCap Friday episode dives into the latest news from two of the largest companies in the US stock market, Apple and Tesla. Both companies made the exact same announcement in the summer of 2020 about a move they decided to make. These announcements have been headlining all printed and online news as well as television and radio! What is this announcement and...

Best of... FinCap Fridays!

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Jun 18, 2020
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FinCap Friday, Featured Teachers
Thanks to NGPF Fellow, Jason-Lamont Jackson Sr., who teaches at West Orange HS in West Orange NJ for this post! - - - - - - - - - -   Student engagement while in a classroom has always been important and as we enter into unchartered territory in the Fall, finding creative ways to keep students engaged is paramount! Below is a list of Fin Cap Fridays that I've witnessed my students enjoy and dive into with passion. I must admit that because the FinCap Library has grown tremendously since I...

FinCap Friday: A Hazard to Your Wealth

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Jun 04, 2020
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FinCap Friday
For the EdPuzzle version of this activity, click here. In this FinCap Friday we check out some interesting trends related to the stock market. As coronavirus leaves it initial impact on the United States, sports games were cancelled and many business closed down so people had to find hobbies they could do right from the confines of their home! How much do factors like quarantine and business closing impact the stock market and the people who invest in it? Find out in this week's FinCap Friday:...

FinCap Friday: Banned From Banks

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May 28, 2020
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FinCap Friday
For the EdPuzzle version of this activity, click here. In this week's FinCap Friday we take a look at a very uncommon topic: ChexSystems. While many Americans know about the 3 credit bureaus and the credit score that is calculated using the data that they collect, most do not know about the ChexSystems agency and what type of data they collect to help banks make decisions about who to do business with. What types of data does this agency collect and what do they do with this data? Find out all...

FinCap Friday: Education Saves Jobs

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May 21, 2020
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FinCap Friday
For the EdPuzzle version of this activity, click here. This week, we take a look at the latest data around unemployment rates by education level. Does a worker's level of education matter more or less during an economic downturn? As more and more American workers are losing their jobs in the aftermath of coronavirus, statistics definitely show a clear trend about which jobs were cut right away and which types of workers had their financial situation affected in the most difficult way....

FinCap Friday: Beyond the Curve [Automation]

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May 14, 2020
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FinCap Friday
For the EdPuzzle version of this activity, click here. In this FinCap Friday we check out the latest predictions about the future of work life in America. These predictions specifically take into consideration the potential affects of coronavirus on the way we work. Many economists have made predictions that make some Americans excited, while others cringe at the thought of those changes becoming reality. What are the most common predictions about our future as professionals? Find out in this...

FinCap Friday: Beyond the Curve [Frugality]

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May 07, 2020
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FinCap Friday
For the EdPuzzle version of this activity, click here. In this FinCap Friday we check out the latest projections from economists and other experts about the future beyond the coronavirus pandemic. Many experts have already shared lists of changes that they predict will be permanent throughout our society. Now, new survey data shows what the American people think about what their habits will be like in the future. What major changes do Americans think will stick? What do these new surveys reveal...

FinCap Friday: Beyond the Curve [Telemedicine]

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Apr 30, 2020
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FinCap Friday
For the EdPuzzle version of this activity, click here. In this FinCap Friday we check out the latest news about what economists think will change about our daily lives after the coronavirus pandemic is over. Many predictions are being made, but we will focus on one issue that impacts the way people seek medical care. What do economists and other experts think will change about the way we get medical care in the current climate? How would this impact average Americans? Find out in this week's...

FinCap Friday: Major News From Major Credit Bureaus

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Apr 23, 2020
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FinCap Friday
For the EdPuzzle version of this activity, click here. in this week's episode of FinCap Friday we take a look at the latest news released by the 3 major credit bureaus, Experian, Equifax and TransUnion. After many, many years of business as usual the bureaus are making a change. What is the major announcement and how does it affect average people? Find out these details and more by clicking the linked image below: If you're short on time, try our simplified FinCap Friday (No...

FinCap Friday: It's a SCAMdemic!

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Apr 16, 2020
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FinCap Friday
For the EdPuzzle version of this activity, click here. This week on FinCap Friday, we dive into the latest news regarding scams that are related to coronavirus. The FBI issued an official warning about these scams and the increased number of them occurring since coronavirus was officially declared a pandemic. Hackers, scammers and fraudsters are looking to take advantage of people who feel unprepared or afraid during these uncertain times and they have a plan to profit from people's emotions....

FinCap Friday: IRS Lowers Taxpayer Stress

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Apr 09, 2020
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FinCap Friday
For the EdPuzzle version of this activity, click here. This week, we're diving into some of the recent changes related to filing taxes in 2020 for income earned during the 2019 tax year. These changes were announced in an effort to provide support and relief for everyday Americans. But, do the changes accomplish that? How do the changes affect average Americans and does the average person think it is enough? What other major changes to the tax processing system should we prepare ourselves for?...