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...
NGPF Podcast: Meredith Curry on navigating the financial aid process in age of pandemic
Meredith "Mer" Curry has a commitment to serving first-gen college students that comes from a very natural place. She was once in their shoes and benefited greatly from the support of others as she pursued her educational dreams. Mer shares her story and her passion to serve others as well as some timely tips and online tools to help families navigate the college financing process during these uncertain times. Enjoy!
Details:
0:00~1:13 Introduction
1:13~2:38 Working as a social justice...
Question of the Day: What's the new interest rate on federal student loans for 2020-21 school year?
Answer: 2.75%
Questions:
How does this interest rate for undergraduates (at 4 year colleges) compare to historical averages?
How does the interest rates on graduate loans (GradPLUS) and parent loans (PLUS) compare to undergraduate loans?
Reading the footnotes on the graph, what determines the interest rate on federal student loans and how often is this rate adjusted?
Click here for the ready-to-go slides for this Question of the Day that you can use with your students.
Behind...
NGPF Podcast: Ikenna Okoro provides student perspective on why financial education matters
Listen to NGPF Intern and Columbia University student Ikenna Okoro as he explains why personal finance is so important to him. After his brief interview with Yanely, Ikenna interviews NGPF Payback Challenge winner Nery Rodriguez. When it comes to advocacy, there is nothing more powerful than student voice. Enjoy!
0:36~10:17 Kenna’s Korner Episode 1: NGPF's Yanely Espinal Interviews Ikenna
0:36~1:33 What is this podcast about?
1:33~2:35 How Ikenna got involved with NGPF
2:35~3:20...
Question of the Day: What percent of college-going high school seniors are changing their plans because of coronavirus?
Answer: 17%
Here's how the 17% are changing their plans:
Questions:
How is coronavirus impacting your post-high school plans?
How do you think that coronavirus will impact the willingness of colleges to negotiate financial aid?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (Art and Science Group):
...
Reading List for March 20-22
Dealing with our new reality—here are articles that you may find helpful.
USA Today came up with this article to help kids come to terms with what is going on.
The food supply is secure. No need to hoard groceries. While there will be shortages of some products as adjustments are made, like food that was going to restaurants will find its way to grocery channels, if anything, production is gearing up. (NYT)
Jean Chatsky has been on NBC news affiliates today with her financial advice for...
Reading List for February 28-March 1
By Beth Tallman
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Feb 28, 2020
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Investing, Stocks, Current Events, Paying for College, Financial Literacy, Retirement
Given the huge and rapid correction in the stock market this week, we start this week’s list with the “Investing” articles:
This is the fastest market “correction” in history, and we aren’t done yet. (Yahoo Finance)
"Is The Stock Market Going to Crash?" The Irrelevant Investor takes a deep dive for those of you that like numbers and stats and graphs to address this question.
WSJ-(subscription) columnist Jason Zweig reports on survey results...
Interactive Monday: Career Outcomes by College Major
What are the employment prospects for the major that I am interested in?
How much can I expect to earn right after college based on my major?
What earnings can I expect in the middle of my career?
Will I need a graduate degree in the field I'm interested in?
These are just a few of the questions that students might ponder as they consider their college major. This interactive from the NY Fed provides this data and more on 70+ majors. Here's a sampling of the information provided...
Reading List for January 31-Feb 2
By Beth Tallman
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Jan 31, 2020
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Personal Finance, Behavioral Finance, Budgeting, Paying for College, Taxes, Insurance
Happy Super Bowl Weekend!
In case you missed this week's FinCap Friday, Credit Crunch details how the FICO methodology will impact millions of consumers.
Personal Finance/Financial Literacy
This article from the NY Times “Smarter Living” section got some attention this week in social media. “Does Personal Finance Still Work in our changing Economy?” contains a great discussion of the findings of the book The Financial Diaries (Rachel Schneider and Jonathan...
TEACHER TIP - ANALYZE: A Student Aid Report (SAR)
Amanda Volz brings you a Teacher Tip video on the activity ANALYZE: A Student Aid Report (SAR). This activity has students answer questions while reviewing a sample Student Aid Report and understand the importance of the SAR in the financial aid process. In this video, Amanda discusses how she used this activity in her classroom and provides some tips for you to use it with your students!
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Did you know that we have 35 of these Teacher Tip Videos on our YouTube...
Reading List for January 17-19
Financial Literacy
The corporate world is trying to fill in the void in financial literacy among their employees. According to a WorldatWork survey:
“70% of the 326 employers surveyed currently offer financial well-being benefits and more than half intend to expand such offerings in 2020.”
According to FinTech Times, FinTech businesses are also feeling compelled to fill the financial literacy gap among their customers with education initiatives.
Investing/Economics
This...
NGPF Announces National Winners of 3rd Annual PAYBACK Challenge Essay Contest
PALO ALTO, California, January 14, 2020 - Next Gen Personal Finance (NGPF), a non-profit committed to ensuring that ALL students leave high school with the skills needed to thrive in an increasingly complex financial world, is pleased to recognize 10 students as National Grand Prize winners in their third annual PAYBACK Challenge Essay Contest.
Congratulations to the following students who will receive a $5,000 award from NGPF to be used for educational purposes:
Abigail Stackle of...
NGPF Announces Honorable Mention Winners of 3rd Annual PAYBACK Challenge Essay Contest
PALO ALTO, California, January 14, 2020 - Next Gen Personal Finance (NGPF), a non-profit committed to ensuring that ALL students leave high school with the skills needed to thrive in an increasingly complex financial world, is pleased to announce 94 students from across the nation have received an Honorable Mention Award in their third annual PAYBACK Challenge.
Over 900 students from all across the United States submitted essays earlier last fall. After playing the award-winning college finance...
Reading List for January 10-12
Your (Financial) Health
If you only have time to read one of these articles this week, make it this eye-opening piece from the Atlantic that digs into a research paper by economics from the St. Louis Fed on the college wealth premium—different from the income premium. (St. Louis Fed)
And then find a few minutes for this important read on how mental health issues can severely mpact your financial health. (Business Insider)
Economics
Is the Fed running out of tools to deal with a...
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