Category: Insurance

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...

QoD: For those who struggle paying medical bills, what is the main cause: chronic illness or one-time event?

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Apr 23, 2019
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Insurance, Question of the Day
Answer: One-time event Questions: Why do you think that one time or short-term medical expenses more frequently cause people to struggle with medical bills?  What are steps that people can take to prepare for these unforeseen medical expenses?  How does knowing this information impact how you think about health insurance?  Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (Kaiser Family Foundation):  Among...

Chart of the Week: Most Common Types of Medical Bills (For Those Struggling to Pay Them)

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Apr 23, 2019
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Insurance, Chart of the Week, Research
  Questions: What are the top 3 medical bills when it comes to their dollar amounts?  Which bills fits into the category of high frequency but low cost?  Which of the bills listed would you describe as "predictable?" ------------------------ Looking for more Charts of the Week? It's a regular weekly feature and here's some of the recent ones.   ...

QoD: What is the cost to repair an iPhone screen?

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Apr 16, 2019
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Insurance, Question of the Day, Budgeting
You carry them around with you all the time and apparently break them quite a bit. According to this survey, 2/3 of smartphone users damaged their phones in the past year.  Answer: $29-$329, depending on the model and whether you have carry the AppleCare+ insurance Questions: Have you damaged your phone in the last year? If so, have you gotten it repaired?  Do you carry cell phone insurance? Why or why not?  Does knowing that 2/3 of cell phone users damage their phones in a...

Reading List for April 6-7

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Apr 05, 2019
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Financial Literacy, Current Events, Economics, Investing, Paying for College, Insurance
The list is a bit longer today--perhaps more good stuff is popping up during Financial Literacy Month.  In any case, there should be something for everyone here!  Financial Literacy Month CNBC to recognize Financial Literacy Month with special coverage all month.(CNBC) This was today’s CNBC post, crediting you wonderful finlit warriors for helping your students avoid payday lenders!   How much financial education is enough? (Cincinnati.com) What men can learn from the way...

Interactive Monday: Healthcare Prices

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Mar 24, 2019
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Interactive, Insurance
Hat tip to Sonia from team NGPF for highlighting this resource. From Vox.com:  The United States is routinely the most expensive place to buy medical care, whether that’s a Humira pen or a knee replacement or an MRI scan. There are a handful of exceptions to the rule: The US does have colonoscopies that are cheaper than in New Zealand or the United Kingdom. On CT scans, we also come in slightly cheaper than Britain. But aside from those examples, it’s generally a safe bet that...