Sep 16, 2019
Parent Conversations, Question of the Day, Personal Finance
When you you hope to become financially independent? What do you think it means to be "financially independent?"
Why do you think the younger generation is more optimistic about when they will become financially independent?
When do you think you will be able to do the following?
a) Pay for your own streaming service?
b) File your own taxes?
c) Pay for your own health insurance
d) Start saving for retirement and investing?
Click here for the ready-to-go...
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 16, 2019
Financial Scams, Identity Theft, Parent Conversations
For College Students
Once students turn eighteen, they are legally adults. Their parents no longer have a say in their health care or legal decisions (or grades—unless you and your student sign a Family Educational Rights and Privacy Act (FERPA) waiver.) So what happens if the student has a medical or financial emergency? An article from Kiplinger has been gaining traction as it advises families to get four legal documents in place when a child turns 18. Many are documents that are...
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 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...
Jun 14, 2019
Career, Investing, Credit Scores, Cryptocurrencies, Financial Literacy, Parent Conversations
Here is a fun one! Take a look at these wacky job titles. It might be fun to have your students guess what each one might mean! (Indeed.com)
Forbes provides another list – this time it is the best employer in each state. Can you guess the best employer for your state? (Forbes)
This article explains how smart use of a secured credit card can help you build or boost your credit score. Now Amazon is getting into this game. (NYT)
"The Financial Health Network...
Jun 07, 2019
Financial Literacy, Parent Conversations, Credit Cards, Investing, Paying for College
In case you didn’t see this in your social media feed this past week, here is the NYT financial checklist for kids heading off to college by Ron Lieber.
Deloitte released the results of a study measuring the net worth of millennials (aged 18-35) and found that it dropped 34% from 1996 levels. Education cost increases may be largely to blame. (Yahoo)
On a related note, lack of wealth is one reason millennials are delaying marriage, but they...
May 27, 2019
NGPF Fellows, Personal Finance, Parent Conversations
The following blog post comes courtesy of NGPF Fellow, Brenda Martin-Lee of Seneca High School in Tabernacle, NJ.
How-to of the event: It was very informal. I actually interjected myself into an existing event at the local library. It was a Game Night event where parents and students were attending. The number in attendance was around ten. I presented Ten Financial Principles to get the audience thinking about how they are currently managing finances and to hopefully take some of the...
May 17, 2019
Financial Literacy, Economics, Investing, Parent Conversations, Career, Current Events
New GFLEC study was released and teachers support mandated personal finance. (PRN Newswire)
Tony Isola gives his take on the likely success (or lack of it) of mandated personal finance classes. The issue is not with the concept or the teachers…it is more about the structure of schools.
The Higher Ed headlines move from Varsity Blues to SATs new score. An “Adversity Score” being added to SAT scores. The student won’t know what...
Feb 26, 2019
Paying for College, Parent Conversations, Student Loans
In recognition of Financial Aid Awareness month, here is a collection of recent articles related to Financial Aid that may be relevant for your students, as well as links to tools and sites that might be helpful as well. Financial Aid Awareness month kicked off at NGPF with Tim’s interview podcast with Justin Draeger, CEO of the National Association of Student Financial Aid Admissions (NASFAA) on February 8. You might also want to have your students check out the Students,...
Jan 25, 2019
Financial Literacy, Personal Finance, Student Loans, Career, Parent Conversations
In case you missed this broadcast Tuesday, NPR’s The 1A included a segment on financial literacy education featuring NGPF’s Jessica Endlich, John Pelletier of the Center for Financial Literacy at Champlain College, and Laura Levine of Jump$tart.
Here is discussion of the increasing number of states requiring financial education, including a link to the Champlain College Financial Literacy Report Card. (Governing)
Even doctors have a side...
Nov 23, 2018
Investing, Personal Finance, Parent Conversations, Current Events, Stocks
Hope you all enjoyed Thanksgiving! For those of you NOT involved in Black Friday Shopping, here is some light reading you might enjoy if you aren't up for football!
Tech stocks have taken a big hit in this “market correction.” There are some great graphical representations about tech stock market capitalization here. (WSJ)
Here is the Visual Capitalist Chart of the Week with a different view of FAANG stocks in the bear market.
What are Value Investors now thinking about...
Nov 14, 2018
Parent Conversations, Credit Cards, Paying for College, Career, Checking Accounts, Stocks
I often hear this question from friends and family, "How can I teach my kids about money?" While we developed our website and resources with a classroom teacher in mind, they work well at home too. I think milestones present great opportunities for this learning to take place between parent/guardian and child.
Here are ten money milestones in the life of a teenager with a link to a favorite NGPF resource (or two) that can help kids "learn by doing."
Opening a bank account
Nov 12, 2018
Flash Surveys, Parent Conversations, Personal Finance, Survey Results
From parent-teacher conferences to open house night to casual conversations in the grocery store, we know that teachers are dedicated to making sure parents are involved in their child's education. Thank you to all those who took this survey. Your input guides the resources we're building out that will equip schools with resources to connect parents to personal finance.
A few key results to share first:
51% of respondents identify they already assign students activities and projects...