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...
Reading List for August 23-25
By Beth Tallman
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Aug 23, 2019
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Advocacy, Economics, Investing, Retirement, Insurance, Parent Conversations, Paying for College
A variety of topics for your weekend reading ....
Financial Literacy/Advocacy
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)
Economics
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...
Reading List for August 16-18
By Beth Tallman
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Aug 16, 2019
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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...
Reading List for Aug 2-4
By Beth Tallman
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Aug 02, 2019
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Current Events, Economics, Career, Investing, Paying for College, Parent Conversations
Current Events
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...
What's New With Paying for College? (July 2019)
Who pays for college?
Discover Student Loans, a division of Discover Financial Services, surveyed 1500 parents of college-bound students about who would be footing the bill. Whether the numbers are accurate or not is less of a story than the movement in just one year. 38% of parents expect students will be covering at least half of the cost, up from 31% last year, and 28% of parents say they will cover the entire cost, down from 34% last year. What’s more, fewer parents (41% versus 51%...
Reading List for July 26-28
By Beth Tallman
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Jul 26, 2019
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Financial Literacy, Career, Behavioral Finance, Credit Cards, Paying for College, Current Events
Financial Literacy
Dr. Barbara O’Neil of Rutgers, known to NGPF regulars for her tireless efforts in financial education, read and digested the Government’s report on Financial Education in the news recently, and offers her key take-aways. (MoneyTalk)
A study by the University of Arizona demonstrates that “emerging adults” (college years plus five post college years) with financial knowledge are more successful at “adulting,” including more successful...
Reading List for July 19-21
By Beth Tallman
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Jul 19, 2019
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Financial Literacy, Cryptocurrencies, Economics, Investing, Paying for College, Behavioral Finance
Financial Literacy
A Forbes article last week tries to explain the drop in financial literacy across the board as revealed in the FINRA 2018 National Study of Financial Capability.
Economics
The St. Louis Fed provides a comprehensive explanation of the Federal Reserve’s dual mandate, and specifically explains the two percent inflation target. (Medium)
Cryptocurrency
The proposed Facebook cryptocurrency Libra faces was the subject of congressional hearings this week....
Reading List for June 21-23
By Beth Tallman
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Jun 21, 2019
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Cryptocurrencies, Advocacy, Financial Literacy, Economics, Investing, Employment, Paying for College, Insurance
Happy Summer! It is officially here! And here is a list covering a wide range of topics for your reading pleasure this weekend.
Financial Literacy
The US Treasury (specifically, the Financial Literacy and Education Commission) is calling for colleges and universities to require financial literacy classes. Looks like $1.5 trillion in student debt has some folks worried. (CNBC) Here is the actual report.
Does it help your students to hear about sports stars ultimately making better...
Reading List for June 7-9
By Beth Tallman
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Jun 07, 2019
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Financial Literacy, Parent Conversations, Credit Cards, Investing, Paying for College
Financial Literacy/Parenting
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.
Millennials
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...
QoD: What are top three reasons people want to go college?
Questions:
When thinking about your post-high school plans (which might include working or going off to college), what are the major reasons that you are choosing your path?
Do you think some of the reasons given are "better" than others? Which ones resonate most with you?
Do you think those who are surveyed would have a different answer about why they went to college twenty years after they graduated?
Here's the ready-to-go slides for this Question of the Day that you can...
Reading List for May 4-5
By Beth Tallman
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May 03, 2019
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Economics, Paying for College, Insurance, Investing, Retirement, Current Events
Economics
The jobs numbers were released today. 263,000 jobs were added and unemployment is now measured at 3.6%, a 49-year low. The NYT just published a primer explaining how this is measured.
A second NYT article explains why it has taken so long for wages to rise in the recovery, and which sectors are experiencing the most wage growth.
Paying for college
Apparently states in search of educated folks to fill jobs are offering assistance with student loan debt as a lure. (WSJ)
We...
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