Reading List for September 25-27
Economics
Housing
Unlike 2008, housing is holding up the economy during this recession. (CNN)
U.S. new home sales rise to near 14-year high last month (CNBC)
But the pandemic has driven demand up and supply down in many markets, pushing home prices out of reach of many. (CNBC2) (WSJ-subscription)
Unemployment/Pandemic
New unemployment claims last week were 870,000, still at historically high levels as states struggle with backlogs and identifying fraudulent claims. Continuing claims...
EdPuzzle Thursday: Financial Aid
EdPuzzle is a great platform to test for knowledge while students watch a video and learn remotely. We will be releasing new EdPuzzle videos here on the blog each week so that your students can answer questions that are directly embedded within engaging videos.
This week's EdPuzzle video "What Every Student Needs to Know About Financial Aid" reviews the importance of the FAFSA and the types of financial aid available to pay for college.
Interested in more...
Reading List for September 11-13
Economics
A majority of young adults (52%) live with parents for the first time since the Great Depression (graph at bottom of post). (Pew Research)
Real Estate: “Booming” Zoom towns and “Gloomy” urban rental markets. The statistic above may explain some of the “gloom.” You will find some interesting statistics in this one. (NPR)
Unemployment: New jobless claims settle down at a still, unprecedented rate of 884,000. And 839,000 applied for the Pandemic...
NGPF Podcast: NY Times Columnist Ron Lieber on his upcoming book, The Price You Pay for College
We welcomed the NY Times columnist Ron Lieber to the NGPF Speaker Series on August 28, 2020 to share details about his forthcoming book (expected Jan. 2021), The Price You Pay for College. In this conversation, Ron describes the reasons students go to college and what factors determine the price that students and their families pay for it. You will learn about valuable online tools and resources to help you answer that all important question too. Finally, he shares his perspective on the impact...
Question of the Day (Updated): What percent of teens expect to work part-time while in college?
Answer: 43%
Questions:
Do you plan to work part-time while in college? If so, how many hours do you want to work?
If you don't plan to work part-time while in college, what jobs/internships do you want to pursue during the summer?
How much do you want to save from your part-time job/internships?
What do you think is the optimal number of hours for working a part-time job without impacting your studies?
Click here for the ready-to-go slides for this Question of the...
Question of the Day: Can you name one of the top five money mistakes that millennials made while in college?
By Tim Ranzetta
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Aug 23, 2020
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Question of the Day, Paying for College, Credit Cards, Credit Scores
Answer:
Questions:
Given that the average college graduate leaves school with about $30,000 in debt, does it surprise you that 9 out of 10 who borrow don't understand the terms of their loans?
Which of the items above could be mistakes made by young people who don't go to college?
What concrete steps can you take to avoid making similar mistakes?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (College...
Reading List for August 21-23
By Beth Tallman
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Aug 21, 2020
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Financial Literacy, Economics, Investing, Taxes, Insurance, Paying for College
Financial Literacy
Charles Schwab released its Financial Literacy Survey. Here are the highlights:
On a scale of 1-100, Americans rated money management (62.9) as the most important skill for kids to learn, edging out the dangers of drugs and alcohol (60.5), healthy eating and exercise habits (58.3), and safe driving practices (57).
(BusinessWire)
Technology (FinTech) could develop in a way to further divide the financially vulnerable from everyone else, or it could be developed in a way to...
NGPF Podcast: Mark Salisbury of TuitionFit on increasing transparency of college pricing
Let's face it, figuring out how much a college costs is an incredibly opaque process that most don't discover until that aid award letter arrives sometime in April. Mark Salisbury was all too familiar with that process as an admissions officer where he worked directly with families trying to figure out this out. He knew there had to be a better way which led him to found TuitionFit. Hear the journey that Mark has taken as an entrepreneur while also learning more about the cost of college and...
Reading List for August 7-9
By Beth Tallman
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Aug 07, 2020
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Personal Finance, Economics, Investing, Paying for College, Financial Scams
Personal Finance
This one got some press: The Cincinnati Bengals reports that top draft pick, Joe Burrow, plans to live off of his endorsement income (not too shabby), and bank (invest?) his $23.9 million signing bonus as well as his $36.2 million four-year contract. (BengalsWire)
But for 59% of young Americans, Millennials and Gen Z, the pandemic has totally derailed their financial lives. (USA Today)
Economics in the times of Covid
The July unemployment rate dropped to...
Reading List for July 31-Aug 2
There was so much relevant news this week, this list runs a bit long, but it is sure to have something you will find interesting!
Economics
The Federal Reserve met this week and left interest rates unchanged (near zero). Dow jumps 150 points. (Forbes)
Far and away the biggest economic news this week was the historic annualized drop of 32.9% in the second quarter. (Note: add this example to your lesson on compounding.) Did one-third of the economy disappear in the second...
NGPF Podcast: Author Eric Tyson shares strategies to help families figure out the college finance puzzle
Thanks to Eric Tyson for returning to the NGPF podcast to discuss his new book, Paying for College for Dummies. You might remember Eric from an earlier podcast episode where our focus was on personal finance and investing. He has taken on this new challenge of explaining how the college financial aid process works in ways that we can all understand. Now that is an admirable undertaking given its opacity! In this podcast, Eric shares common misconceptions that people have about financial...
NGPF Speaker Series: Ryan Craig and Eric Tyson Discuss Innovative Alternatives To College
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Jul 24, 2020
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Podcasts, Entrepreneurship, Employment, Paying for College
The NGPF Community was fortunate to have an amazing set of speakers this week for our latest installment of the NGPF Speaker Series. Venture Investor Ryan Craig joined personal finance guru Eric Tyson to discuss both alternatives to college and for those choosing the college pathway, strategies to keep the cost of that degree to a minimum.
Here's some of the feedback from the teachers who attended the live event:
"Incredibly eye-opening session about alternatives to colleges."...
What's New With Paying for College--2020
There is a lot to talk about on this topic between the pandemic and Department of Education updates, but it is organized into several categories to make it easier for you to scan and choose what you wish to study further. (You might want to grab a beverage before digging into this one!)
Managing student debt during the pandemic--CARES Act
The CARES Act provides temporary student loan relief through September 30, 2020. Only Federal loans are covered by this, not private or...
Reading List for June 19-21
Economics
Another 1.5 million people filed unemployment claims this past week. The important and telling statistic is the continuing unemployment claims, which have remained above 20 million since late April. (The Street)
The recovery in Retail Sales has been uneven, according to the National Retail Federation CEO. (CNBC)
The market took the retail sales figure as positive news. (MarketWatch)
NPR breaks down retail spending by income level. Folks at lower income levels are spending whatever...
Reading List for Memorial Day Weekend 2020
By Beth Tallman
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May 22, 2020
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Personal Finance, Current Events, Economics, Investing, Paying for College
A little bit of everything for this holiday weekend as we wind down this challenging year.
Personal Finance
56% of parents with young children are in debt due to coronavirus. (PR Newswire)
Four million Americans are currently not paying their mortgage. (MarketWatch)
If you live to 100, will your money last? (Knowledge@Wharton)
Last but not least, 68% of Americans do not have a will. (The Conversation)
Investing
What is the “dark side” of low interest rates. (NY...
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