QoD: How many years has the typical American homeowner been in their current home?
By Tim Ranzetta
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Nov 06, 2019
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Economics, Question of the Day, Budgeting, Purchase Decisions, Research, Mortgages
This is a good one for Economics class as it's a demonstration of supply/demand factors in the housing market. Given that the trend has been for homeowners to stay in their houses for longer periods of time, the supply of houses for sale (inventory) goes down and if new construction doesn't close that supply gap then there's a supply/demand imbalance. You can guess what happens next.
Answer: 13 years
Here's a chart showing the regions where homeowners have been in their homes the longest,...
Question of the Day: When a couple takes out a loan, which credit score does the lender use?
Answer: The partner with the lower score
Questions:
How do you think having different credit scores can affect a relationship?
How would you feel…
being the only spouse listed on the mortgage (the home loan) because of a high credit score
being the spouse left off the mortgage because of a low credit score
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (Zillow):
When applying...
Interactive Monday: Access To Credit Cards, Auto Loans and Mortgages
Hat tip to Jessica for pointing out this cool interactive from the Federal Reserve which is part of their Credit Access series. We love these resources that have students interact with data. In this series, you will see trends on consumer applications for various types of loans, including auto, credit and home loans. It not only looks at historical data but also measures expectations about these various loan products and gauges financial fragility and the ability of survey respondents to come up...
Reading List for May 11-12
Investing
We will start with Investing this week because this week's biggest news is today’s Uber’s IPO. Here is all you need to know about the one of the largest IPOs! (NYT)
Uber was priced at $45/share--the “low end,” and keeping the valuation at $82B, well below the expected $100B. Looks like “low end” wasn’t low enough. Watching CNBC Squawk Box as the market was “building the book” before the first trade was fascinating as the...
QoD: Can you name ONE of the most Googled money questions for 2018?
Hat tip to Beth Tallman for sending this one along.
Answer: Here are the top 5:
5. How much is my house worth?
4. What is bitcoin?
3. How to write a check?
2. How much house can I afford?
1. Where is my tax refund?
Questions:
What money question are you most curious about right now?
Why do you think that so many people are preoccupied with their tax refund?
Are you surprised to see any of these top 5 most Googled questions on this list?
Why do you think that two of the top 5...
Just One Resource - INTERACTIVE: Shady Sam
By Tim Ranzetta
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Feb 04, 2019
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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...
Reading List for Jan 5-6
By Beth Tallman
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Jan 04, 2019
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Personal Finance, Checking Accounts, Investing, Stocks, Mortgages, Paying for College, Economics
Happy New Year! Our first reading list of the year includes a couple of pieces that take a look back at 2018, including the wild ride on the stock market, as well as some "newer" news. Enjoy!
Personal Finance
Our friend Barbara O’Neill provides a great overview of what happened in the world of Personal Finance in 2018. (Journal of Financial Planning)
Beth Kobliner examines a Brooking Institute report on Artificial Intelligence and relates it to Financial Literacy....
Best of 2018...PBS Two Cents Personal Finance Videos
By Tim Ranzetta
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Jan 03, 2019
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Video Resource, Budgeting, Behavioral Finance, Financial Scams, Mortgages, Paying for College
PBS Two Cents made a big splash on the scene in 2018. Philip Olson and Julia Lorenz-Olson create engaging videos that do a great job explaining personal finance concepts in ways that your students will understand. We added several of their videos to our video library and you can also hear their story on the NGPF Podcast.
I reached out to Philip today and he was kind enough to share the "top 5" videos he and Julia produced in 2018 (based on Facebook and YouTube views). Beth has also created...
Reading List for December 1-2
By Beth Tallman
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Nov 30, 2018
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Personal Finance, Mortgages, Investing, Mutual Funds, Career, Economics
Personal Finance
Kids and Christmas – tis that season once again, and Michelle Singletary shares some advice for keeping the spending under control. (Spoiler Alert: it can get easier if they no longer believe in Santa. (WAPO)
Are you caring for a parent? Michelle Singletary looks at both the personal and financial burden of caring for a loved one. (WAPO)
Millennials' spending habits have had significant impact on the economy. A new Fed study explains why they aren't spending (like...
Interactive Monday: How Do Home Values Compare to Incomes In Your County?
Data visualization provides a county-by-county view on housing affordability. Here's the map of the U.S.:
First, a little orientation. The map is color-coded based on the calculation of median home value divided by the median household income. As an example, here's Crook County, Wyoming:
The higher the ratio, the lower the housing affordability. In terms of the color-coding, blue is more affordable while orange-red is least affordable.
Questions:
What housing affordability trends...
Question of the Day: Who is more likely to buy a home: a 25-30 year old with no student debt or one with more than $50k in student debt?
By Guest Post
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Oct 24, 2018
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Question of the Day, Student Loans, Mortgages, Research, Chart of the Week
Answer: 25-30 Year Old with $50K in student debt
Hat tip to NGPF Fellow Brian Page for sharing this awesome Question of the Day and chart below that he has used successfully in his classroom.
Questions:
Overall, what has been the trend with all 25-30 year olds buying homes since 2005? What might explain this? [Hint: What happened in 2008-09?]
Why do you think that 25-30 year olds who are current with $50K in student debt buy homes at greater rate than those with no student debt?...
Chart of the Week: How good of an investment is real estate?
By Tim Ranzetta
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Oct 17, 2018
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Investing, Question of the Day, Chart of the Week, Mortgages, Research
Hat tip to A Wealth of Common Sense blog for this awesome data distilled from Case-Shiller/FRED index of home prices:
Notes:
Positive is number of years that home prices rose in the period 1987-2018
Negative is the number of years that home prices declined in period 1987-2018
Biggest gain is the largest gain in home prices on a year-over-year basis.
Biggest loss is the largest loss in home prices on a year-over-year basis.
Annual Gains is the average annual gain in home prices over this...
What I'm Reading This Weekend (June 9-10)
By Beth Tallman
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Jun 08, 2018
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Current Events, Parent Conversations, Retirement, Credit Reports, Investing, Mortgages
Parenting
The WSJ takes a good look at the overprotected American child. You probably see the impacts on the students you teach.
Michelle Singletary explains why parents should have “the talk” (about credit) with their kids.
Here are eight things parents can do to help their college students become financially independent.
And here is what you do if your adult children want to move home.
Education
The New York Times looks at education spending over time. (Hint: it...
Question of the Day: Do consumers struggle more with repaying mortgage debt or student loan debt?
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Jun 03, 2018
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Student Loans, Question of the Day, Paying for College, Mortgages
Answer Student loan debt. Student loans had a 10.7% delinquency rate (over 90 days past due) vs. mortgage debt which had a delinquency rate of 1.2% in 1Q 2018.
Questions:
What is the major difference between how a lender evaluates a consumer taking out a mortgage vs. how the government evaluates a student taking out a federal student loan?
What do you think happens if someone stops making payments on their mortgage? On their student loan?
Why do you think that more than 1 in...
What’s New With……Credit Management?
By Beth Tallman
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May 17, 2018
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Identity Theft, Credit Cards, Credit Scores, Credit Reports, Mortgages
This second quarter update deals mostly with credit cards and credit scores, but we touch on managing mortgages and financial infidelity.
Credit Cards/Score
Ever wonder what to do with that credit card you never use? There is not necessarily one answer for all situations.
Do you know exactly what happens when if you make a late credit card payment?
How about what happens when you don’t pay off your credit card balance in full?
This one might make you think twice about opening a joint...
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