Category: Insurance

Chart of the Week: Who has health care insurance?

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Nov 06, 2019
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Chart of the Week, Insurance, Budgeting
Interesting interactive on Visual Capitalist highlights how Americans differ by age. The chart below shows how health insurance coverage changes based on age?  Questions: At what age are the most Americans have health insurance coverage? Why do you think this is the case?  At what age do the least Americans have health insurance coverage? Why do you think this age group doesn't have health insurance?  What do you think are the factors that impact whether or not someone chooses...

Visualization of the Week: How does your state compare on various economic factors?

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Oct 15, 2019
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Chart of the Week, Career, Employment, Insurance
Stumbled upon this visualization on the Census Bureau website which provides state level data on a variety of economic factors, including: Age (median) Commuting to work (mean travel time) Computer and internet access Education (percent of high school graduates) Employment status Health insurance coverage Household income Here's the map with commute times by state: Questions: Go through each of the economic factors listed for your state and list the data for your state (e.g., our state has a...

Reading List for October 4-6

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Oct 04, 2019
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Financial Literacy, Economics, Investing, Insurance, Paying for College, Retirement
Financial Literacy Perhaps we need to solve the innumeracy problem in the US in order to make any significant gains in Financial Literacy. (WAPO) Even if we are successful in requiring every high school student to take a personal finance class, what do we do about all of those past high school who need the same knowledge? Some suggest the responsibility fall to employers. (Pensions and Investments) Read all about NGPF's own Yanely Espinal! (MarketWatch)   Economics US manufacturing...

Reading List for September 27-29

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Sep 27, 2019
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Paying for College, Advocacy, Economics, Investing, Personal Finance, Insurance, Checking Accounts
Advocacy The Pennsylvania Senate passed a bill that would require students to take a semester-long personal finance class to graduate high school. The bill now moves to the House. The bill proposes that the credit for the class could be applied to social studies, math, business, or family and consumer science graduation requirements. (CBS-Pittsburgh) A survey from Country Financial found that 86% of Americans think financial education should be mandatory. (LowCards)   Economics There...

QoD: Which of the following tickets leads to the largest increase in auto insurance premiums: a) Speeding b) Driving under Influence (DUI) c) Not wearing seatbelt

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Sep 25, 2019
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Insurance, Question of the Day
Answer: 1) DUI ticket leads to a $1,086 increase in annual premiums 2) Speeding ticket increases premiums by $341 3) Not wearing seatbelt ticket increases premiums by $59  Questions:  Does information like this make you want to be a more cautious and careful driver? Why do you think that insurance companies raise premiums when drivers get any of these tickets?  Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the...

Reading List for September 13-15

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Sep 13, 2019
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Current Events, Advocacy, Budgeting, Credit Cards, Investing, Insurance, Paying for College
Advocacy Many of you have seen this one, featuring a quote from BrianPage, but in case you missed it: (USA Today) "School probably didn't teach you much about money, here are 4 things you should know". A national survey by Experian of Gen Z found that 76% of them agree that a personal finance class should be offered in high school. (PRN Newswire) (CNBC) Michigan is considering legislation to allow practical math options to Algebra II, including personal finance. (thecentersquare)  ...

What's New With Insurance? (September 2019)

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Sep 09, 2019
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Insurance
Often the trickiest thing about insurance is knowing what type of insurance you need, and then figuring out how much and where to get it? A Morningstar article has some practical advice on these decisions, broken into categories of insurance. Here is some general advice offered up front:  When making insurance decisions, one of the best pieces of advice is to not insure yourself against risks you can afford to cover. For example, if you have ample savings, you're not going to be sunk if...

Reading List for August 23-25

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Aug 23, 2019
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Advocacy, Economics, Investing, Retirement, Insurance, Parent Conversations, Paying for College
A variety of topics for your weekend reading ....   Financial Literacy/Advocacy As Kentucky enacted a law to make personal finance a graduation requirement for High School, three Universities, with support from banks, have taken on the task of providing training for the teachers. (NK Tribune)   Economics The world’s central bankers and top economists are gathered for the annual symposium put on by the Kansas City Fed in Jackson Hole, Wyoming. Fed Chair Jerome Powell addressed...

Reading List for August 16-18

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Aug 16, 2019
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Current Events, Parent Conversations, Paying for College, Investing, Economics, Retirement, Student Loans, Financial Scams, Insurance
As your former students or maybe your own children are heading off to college for the first time, here is some sage advice for them.   Having taught at a college for several years, and living amongst the students for even longer, I cannot agree more with the tips offered by a college professor in this MarketWatch article, like show up for class, turn off the phone, and go to office hours! I like the cartoons too!   And here is one for the parents. Once your child turns 18, their...

Question of the Day: How much does a texting while driving ticket increase auto insurance premiums?

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Aug 13, 2019
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Insurance, Question of the Day
Answer: Close to $300 Questions: Why do you think insurance companies raise a driver’s premium after they get a tlcket for texting while driving? What strategies do you use in order to avoid this temptation while driving?  Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (from Zebra): The average surcharge for using a cellphone or texting while driving has been rising and is now nearly $300, Ms. Connolly said....

Reading List for June 21-23

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Jun 21, 2019
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Cryptocurrencies, Advocacy, Financial Literacy, Economics, Investing, Employment, Paying for College, Insurance
Happy Summer! It is officially here! And here is a list covering a wide range of topics for your reading pleasure this weekend.   Financial Literacy The US Treasury (specifically, the Financial Literacy and Education Commission) is calling for colleges and universities to require financial literacy classes. Looks like $1.5 trillion in student debt has some folks worried. (CNBC)  Here is the actual report. Does it help your students to hear about sports stars ultimately making better...

QoD: What worries adults most when it comes to financial matters?

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May 21, 2019
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Question of the Day, Behavioral Finance, Retirement, Investing, Insurance
From Gallup: Questions: As you think about leaving high school, what would be your top money worry? How do you think your parents/guardians would answer a question like this?  What are steps that a person can take to reduce their worries when it comes to the first three items on the list? How much do you think these answers would change during a recession (we are currently in the midst of an ongoing economic expansion)?  Here's the ready-to-go slides for this Question of the Day...

Order from highest to lowest cost: renters insurance, health insurance for average adult, car insurance for 16 year old?

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May 19, 2019
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Insurance, Question of the Day
Answer:  Health insurance: $5,712 Auto insurance for a 16 year old; $4,140 Renter's insurance: $154 - $224 Questions: What do you think are the reasons that people buy insurance for their health, auto and for the apartment they rent? Why do you think that health insurance is more expensive than the other types? Which of the three types of insurance do you think increases in cost as you get older? declines in cost as you get older? Explain. Here's the ready-to-go slides for this...

Reading List for May 4-5

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May 03, 2019
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Economics, Paying for College, Insurance, Investing, Retirement, Current Events
Economics The jobs numbers were released today. 263,000 jobs were added and unemployment is now measured at 3.6%, a 49-year low. The NYT just published a primer explaining how this is measured. A second NYT article explains why it has taken so long for wages to rise in the recovery, and which sectors are experiencing the most wage growth.  Paying for college Apparently states in search of educated folks to fill jobs are offering assistance with student loan debt as a lure. (WSJ) We...

Interactive Monday: What are the most common insurance claims in your neighborhood?

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Apr 28, 2019
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Insurance, Interactive
Thanks to Jessica for pointing out this insurance interactive.  Plug in your zip code and voila, you get the most common and the highest cost claims in your neighborhood. Here's what I found for my hometown in N.J.: Questions: What are the most common insurance claims in your neighborhood?  Click on each of the claim icons to learn more about each of these claims.  Why do you think an insurance company has created this interactive? Does this information make you more/less...