Reading List for November 22-24
By Beth Tallman
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Nov 22, 2019
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Advocacy, Financial Literacy, Paying for College, Career, Financial Scams, Investing, Retirement
Financial Literacy and Advocacy
ICYMI, Tim Ranzetta had two pieces hit Marketwatch this week. The first is an article explaining how excellent teachers will drive the financial literacy movement, and highlights several teachers you will recognize. The second is an opinion piece in which Tim quantifies the value of a high school personal finance class.
Study Breaks’ Daniel Reed concurs with the need to make Personal Finance a high school graduation requirement.
Workers consistently...
QoD: Can you name ONE of the top 3 reasons students take a gap year after graduating from high school?
Answer (from Gap Year Association report):
Gain life experience and personal growth
Travel, see the world, experience other cultures
Take a break from traditional academic track
Questions:
Would you ever consider taking a gap year after graduating high school? Why or why not?
If you could take a year off after high school (“gap year”), what are some ideas on how you could use that time?
Click here for the ready-to-go slides for this Question of the Day that you can use in...
Reading List for November 1-3
By Beth Tallman
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Nov 01, 2019
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Entrepreneurship, Economics, Investing, Credit Cards, Paying for College, Retirement, Financial Scams
Entrepreneurship
An excellent retrospective on the contributions of Peter Drucker on what would have been his 100th birthday. (INC)
How does owning your own business or working in the gig economy impact how your kids will view the world of work and finances? (WAPO)
Economics
Economics news this week included another Federal Reserve Rate cut. What does that mean for your credit card, mortgage, etc.? (USA Today)
And the October Jobs report came out today. USA Today explains the...
Reading List for October 4-6
By Beth Tallman
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Oct 04, 2019
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Financial Literacy, Economics, Investing, Insurance, Paying for College, Retirement
Financial Literacy
Perhaps we need to solve the innumeracy problem in the US in order to make any significant gains in Financial Literacy. (WAPO)
Even if we are successful in requiring every high school student to take a personal finance class, what do we do about all of those past high school who need the same knowledge? Some suggest the responsibility fall to employers. (Pensions and Investments)
Read all about NGPF's own Yanely Espinal! (MarketWatch)
Economics
US manufacturing...
QoD: Match the percentage with the correct item: 97%, 25%, 37%
Following up with another fun FAFSA fact...
Items:
Percent of families who know that FAFSA is available starting October 1st [25%]
Percent of families who plan to complete the FAFSA together WITH their college bound child [37%]
Percent of families who plan to complete the FAFSA [97%]
If you need an explainer, here's a two minute video explaining the FAFSA:
Questions:
Why do you think the FAFSA is so important? Does this survey information confirm how important it is?
Have you had...
QoD: How much free financial aid is lost to families who do not file the FAFSA?
This is an update to a QoD from 2017. Remember that students and their families can file the FAFSA starting today, October 1st.
Answer: $2.6 billion
FAFSA Explainer Video
Questions:
In your own words, what is the FAFSA?
Why do you think it's important to file the FAFSA?
If you are planning to go to college, when do you think the best time is to complete the FAFSA?
Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers...
Reading List for September 27-29
By Beth Tallman
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Sep 27, 2019
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Paying for College, Advocacy, Economics, Investing, Personal Finance, Insurance, Checking Accounts
Advocacy
The Pennsylvania Senate passed a bill that would require students to take a semester-long personal finance class to graduate high school. The bill now moves to the House. The bill proposes that the credit for the class could be applied to social studies, math, business, or family and consumer science graduation requirements. (CBS-Pittsburgh)
A survey from Country Financial found that 86% of Americans think financial education should be mandatory. (LowCards)
Economics
There...
NGPF Podcast: National Winners of NGPF's 2018 PAYBACK Challenge Essay Contest (Part 2)
In case you missed it, we launched the 2019 PAYBACK Challenge earlier this week with over $125,000 in scholarships available. Full details here and deadline is November 13, 2019
To provide some inspiration for the 2019 contest, I found this unreleased podcast where you will hear from 6 of the 2018 National Winners. Just to reiterate these are last year's winners and we just opened the 2019 competition.
Each received $5,000 towards their educational expenses. Each shared what they...
Participate in NGPF's 2019 PAYBACK Challenge Essay Contest: More than $125,000 in Scholarships Available
We are excited to announce NGPF's 2019 PAYBACK Challenge Essay Contest with more than $125,000 in scholarships available. PAYBACK challenges students to get to and through college while balancing their happiness, connections and focus (oh, and their finances, too!). Designed by McKinney (a digital ad agency), PAYBACK has earned several Webby Awards and has engaged almost a million students since launch in September of 2017. Good luck to your students!
Watch this short video for details...
Reading List for September 20-22
By Beth Tallman
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Sep 20, 2019
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Current Events, Economics, Investing, Paying for College, Career, Retirement
Financial Literacy/Advocacy
Here is a snapshot of the state of financial education in the US by none other than NGPF Fellows, Courtney Poquette and Kayla Bousom, along with NGPF co-founder Tim Ranzetta. (MarketWatch)
Arizona State Treasurer discusses the importance of financial education. (Personal Finance curriculum is part of the economics course Arizona high school students must pass to graduate.) (USA Today-AZ Central)
Employers are now filling the financial literacy gap with twice as many...
Reading List for September 13-15
By Beth Tallman
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Sep 13, 2019
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Current Events, Advocacy, Budgeting, Credit Cards, Investing, Insurance, Paying for College
Advocacy
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)
...
Chart of the Week: Employment and Wage Data by Educational Level
Good reminder of the value of education on one chart:
Questions:
What headline would you give to this chart?
Your friend says "education isn't worth it!" Agree or disagree with them using evidence from the chart.
What is the difference in weekly earnings for a person with a bachelor's degree (four year college) compared to a person with a high school diploma? That is the weekly difference, what would be the annual difference?
Fill in the blanks by picking one of the terms:...
Reading List for September 6-8
By Beth Tallman
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Sep 06, 2019
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Current Events, Advocacy, Investing, Cryptocurrencies, Paying for College, Career, Employment
Advocacy
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...
NGPF Podcast: Michael Horn discusses the college decision-making process
Michael Horn's new book, Choosing College: How to Make Better Learning Decisions Throughout Your Life, chronicles what Michael and his research team discovered after asking hundreds of people a simple question: How did you choose your college? Michael connects the dots to show the primary reasons people choose to go to college (and it's not what you might expect) and how students, parents and higher education can use these findings to make better decisions and serve students more...
Reading List for Labor Day Weekend, 2019
By Beth Tallman
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Aug 30, 2019
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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.
Advocacy
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...
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