Sep 18, 2019
Question of the Day, Credit Cards, Savings, Investing
Answer (courtesy of T. Rowe Price survey of parents of 8-14 year olds)
Which of these accounts did you have when you were 14 years old?
For #1, list the timing of when you got each account.
How do you think that kids so young are able to have a credit card? Do you think it's a good idea for someone so young to have a credit card? Explain.
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Sep 13, 2019
Current Events, Advocacy, Budgeting, Credit Cards, Investing, Insurance, Paying for College
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)
Sep 13, 2019
Podcasts, Investing, Personal Finance, Teaching Strategies
For almost two decades, no one has done more to support teachers in navigating the 403(b) minefield than Dan and Scott. They will share an exciting new announcement. Listen to Dan and Scott discuss the "new" 403bWise, how they plan to support teachers in the future and their best ideas on how to reform the system. Oh, and they will make you smarter about investing too. Be prepared to be inspired!
2:58~7:29 Changes happening in personal finance education...
Sep 12, 2019
Credit Cards, Credit Scores, Investing
Infographics to start the school year
PRINTABLE INFOGRAPHICS FOR 2019-20
NGPF has partnered with Visual Capitalist to bring you a series of infographics explaining key topics in personal finance. Each one delivers personal finance concepts in a compelling way, including text to read, graphs to interpret and questions to answer. Hang these in your classroom to reinforce student...
Sep 11, 2019
Question of the Day, Stocks, Investing
Netflix, at a recent price of $290/share, has increased 450% in the past five years ago, while Disney, at a recent price of $140/share, is up 169% compared to five years ago.
Both companies are in the business of entertaining, but have taken different approaches. How would you sum up each company in ONE sentence?
What factors do you think contribute to the very different market performance of these companies?
When you look for entertainment, which of...
Sep 06, 2019
Current Events, Advocacy, Investing, Cryptocurrencies, Paying for College, Career, Employment
Liz Frazier pens a compelling piece for Forbes magazine listing five reasons personal finance should be taught in schools. She is preaching to the choir here, but perhaps her approach will get through to the general public, and one might find this a concise source of supporting arguments and statistics for your personal quest.
Carrie Schwab-Pomerantz explains her efforts as President of the Charles Schwab Foundation to promote financial literacy (Yahoo Finance)
An academic study out of...
Aug 31, 2019
Current Events, Credit Reports, Index Funds, Investing, Credit Cards, Checking Accounts, Career
We all know that things are always changing in the world of Personal Finance. We bring you a weekly reading list of news related to Personal Finance, Economics, and other topics relevant for teachers, but what if you want to hone in on what’s been happening in just one topic?
This year, the “What’s New With” series of blogs is a bit different than in the past. We are pulling in fewer articles on each topic, but going into more depth within the blog to explain what has...
Aug 30, 2019
Advocacy, Economics, Investing, Paying for College, Credit Cards, Retirement, Parent Conversations
The Labor Day reading list covers a range of topics, but starts off with two articles by folks well known in the FinLit community.
Annamaria Lusardi’s most recent article in Education Week discusses how transformative a personal finance class can be for a teenager, but warns that it only works if the teachers themselves are truly fluent in the content and comfortable delivering the information. Can’t disagree with that!
A CNBC piece by Billy Hensley (NEFE) explains how...
Aug 23, 2019
Advocacy, Economics, Investing, Retirement, Insurance, Parent Conversations, Paying for College
A variety of topics for your weekend reading ....
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)
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...
Aug 20, 2019
Chart of the Week, Investing, Index Funds
May want to find a way to cover up the ending balances after 30 years.
Question: Two investors start with $100,000 and earn a 6% return per year for 30 years:
One chooses a low-cost mutual fund with a cost of 0.25% (a.k.a. expense ratio) that is applied to their invested assets each year. Note that many index funds have even LOWER expense ratios).
The other chooses a higher-cost mutual fund of 0.63%, which is apparently the weighted average expense ratio for U.S....
Aug 16, 2019
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...
Aug 12, 2019
There are largely two story lines driving the news regarding investing in recent months—interest rates, specifically, what central banks are doing about them, and uncertainty over the trade situation and if the economy will turn from growth to recession any time soon. We will address the interest rate issue here.
The Fed cut the Federal Funds rate by 25 basis points at the end of July. This is the rate at which banks and financial institutions borrow money from each...
Aug 09, 2019
Checking Accounts, Economics, Investing, Retirement, Career, Current Events
With mobile deposits, checks may be “deposited” more than once. Banks’ systems are not catching all duplicate deposits. This happened to an organization for which I am the Treasurer, and it can happen to you. (Cleveland Plain Dealer)
This is potentially big news for folks living paycheck-to-paycheck. The Fed just announced that they will develop a public sector system for real-time payments (check clearing). (New York Times)
Here is a British perspective on...
Aug 02, 2019
Current Events, Economics, Career, Investing, Paying for College, Parent Conversations
Captial One Data Breach
What you need to know about the Capital One data breach. A hacker obtained information on 100 million customer accounts across the US and Canada. Choose your source below for the facts and what to do about it if you are a victim.
From Capital One.
From Consumer Reports
From the New York Times
Fed Rate Cut
Historic rate cut: the Fed announced a 25 basis point drop in the target interest rate on Wednesday, the first drop since 2008! For an explanation of...
Aug 02, 2019
Podcasts, Investing, Professional Development
Don Dutkowsky has lots of great insights to share after nearly four decades in the classroom as a college Economics Professor with a keen interest in personal finance. In this wide-ranging conversation, Don discusses his passion for financial education, how he incorporates personal finance concepts into his economics work and his work with high school teachers in New York state. He's also a master storyteller and clearly knows how to bring personal finance to life for his students. Enjoy! ...