Mar 03, 2019
Inflation is one of those economic phenomena that most people underestimate. Why? When prices change 2-3% a year, it's hard to notice. Over a decade or two, those small annual changes compound and become significant.
The Official Data Foundation has an inflation calculator by product category which provides a multitude of opportunities to demonstrate to your students inflationary changes since 2000 (which may coincide with your students' birth dates.
A few activity ideas:
1. Why is the...
Feb 28, 2019
PRO Tip from NGPF, Interactive
THE PROBLEM: What's the best way to use the NGPF Interactive Library? And where do I find the worksheets?
THE ANSWER: Watch this short video for a quick overview and some tips on best utilizing our Interactive Library and accompanying worksheets.
Want to receive a weekly PRO Tip to your inbox? Sign up here. ...
Feb 24, 2019
Interactive, Budgeting, Research, Math, Economics
Hat tip to Joy Tavano of North Kingstown High School (RI) who shared this resource in a recent PLC with Jessica. The site, rentdata.org, has detailed information about average rents in every county in the U.S. and better yet provides the information on a historical basis back to 2006. Given that housing costs are typically the largest cost component in a budget, this interactive provides students with a sense of the cost of living in their community. For students who consider moving to...
Feb 18, 2019
Interactive, Retirement, Investing, Index Funds
We all know how difficult it is to get kids to think about investing for retirement but also know how important it is to convince them to start investing ASAP given their youth and the magical powers of compound interest. So, what's the hook? What young person doesn't dream of retiring early which is kind of ironic given that many of them have these thoughts before they even have their first job. Stay with me. This focus on early retirement, which has gained more prominence recently with the...
Feb 12, 2019
Interactive, Investing, Stocks, Index Funds
Hat tip to Vadas at Abnormal Returns for pointing out this article from Behavioral Investment about why we make stupid investment decisions.
The article lays out nine reasons why normally rational, thoughtful people make what he describes as "sub-optimal" investment decisions. As I read through the list, I realized how our investing game STAX (over 160,000 game plays since November launch) gives students an opportunity to make a lot of stupid decisions which they hopefully will learn from...
Feb 10, 2019
Paying for College, Research, Interactive
From NY Times The Upshot comes an interactive tool, Economic Diversity and Student Outcomes at America’s Colleges and Universities.
As college acceptance letters and financial aid awards roll in over the next few months, this interactive provides information on economic diversity as well as income mobility at thousands of universities across the U.S. This interactive comes from the analysis of tax records and college records for millions of people.
Details on the study:
Feb 04, 2019
Just One Resource, Interactive, Math, Behavioral Finance, Student Loans, Mortgages, Financial Scams
In this weekly blog post, the Curriculum team will highlight Just One Resource from our NGPF collection that maybe doesn't get the attention it deserves. Use it this week or bookmark it for later.
[The Resource] INTERACTIVE: Shady Sam
The Gist: Students play loan shark in this engaging game where they see loans from the perspective of a lender as they try to maximize their profits.
The Best Parts:
Students decide between three loan options for...
Feb 03, 2019
Interactive, Identity Theft
This week's interactive comes courtesy of the Federal Trade Commission (thanks to the teacher at Salt Lake City FinCamp who share this with us):
It's a quick three question game that will teach your students:
Steps you should take if you receive spam
How to avoid being scammed if you receive spam
Applying critical thinking to determine the types of messages that are spam
One additional extension might be to have students highlight one example of spam that they have received in the last...
Jan 27, 2019
This Brookings research provides students with information about the quality of job opportunities in the 100 largest metro areas. With this interactive, students select a metro area and immediately get a read on the job market in that area. When these interactives allow students to understand their community better, we know it will engage them.
Here's Durham-Chapel Hill, NC as an example:
As you can see the chart is color-coded based on four job categories:
Promising jobs defined as...
Jan 13, 2019
Interactive, Career, Employment, Policy
Hat tip to Jessica for pointing out this interactive that compares company maternity leave policies in a visual way:
It took me a minute to orient myself to this bubble chart. This chart represents the maternity leave policies of over 1,800 U.S. companies with the size of the bubble representing the number of weeks of paid maternity leave provided. The 0's on the perimeter of the circle are all the organizations with 0 paid time maternity leave policies. As your scroll down the page, you...
Jan 06, 2019
Interactive, Taxes, Current Events
Thanks to Jessica, knee-deep in updating NGPF's Tax Unit the past few days, for passing along this excellent tax interactive from the National Priorities Project. Budgets are important. Why? One can tell a lot by analyzing them. They reflect a person, a company or, in this case, a country's priorities.
This interactive, Your Federal Income Tax Receipt, allows students to see the current federal priorities funded by their income taxes and the taxes paid by their parents/guardians. After...
Dec 28, 2018
Webinar, Investing, Tips for Teachers, Interactive
NGPF Webinars build content knowledge, provide ideas for NGPF activities that educators can use in your classroom and share best practices. Here are the top NGPF Webinars from 2018:
5. Teaching Soft Skills for the 21st Century!
4. Brush Up On Investing
3. NGPF Semester Course: Planning for Success
2. STAX: The Newest Game to Teach Investing
1. Getting Started with Google Classroom
Earn PD hours by watching one more of the webinars in our in...
Dec 16, 2018
Interactive, Checking Accounts, Research
It's easy to lose track when you are getting nickeled and dimed every month with a non-network ATM fee here or a monthly maintenance fee there or even that dreaded overdraft fee. Have you ever pondered that depressing thought of what that might amount to over a lifetime? This interactive from NerdWallet does that very analysis, by calculating the bank expenses one would pay over a lifetime based on a certain set of assumptions about the cost of various fees and the number of occurrences. ...
Dec 09, 2018
Interactive, Budgeting, Research
Thanks to Beth Tallman for pointing out this interactive map from Overflow Solutions:
Color: Blue is lower poverty and orange/red is higher poverty rate
Graph on right tracks the individual state poverty rates from 2009-2017
The U.S. map also tracks data from 2009-17 allowing students to see the time series unfold
Use this resource to discover how these poverty rates are determined. In your own words, what does it mean to live in poverty?
How have the poverty...
Dec 02, 2018
Paying for College, Interactive, Research, Student Loans
Thanks to NGPF Fellow Amanda Volz for passing along this great resource called TuitionTracker.
It's easy for your students and their parents to pick up on the high cost of college. Headlines trumpet colleges that have now crossed the $70,000/year threshold. What is less understood is the fact that on average private colleges are now almost discounting tuition by 50%. Of course, 50% off a $40,000 sticker price is still $20,000/year which is challenging for most of your students. But I digress....