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...
QoD: Match the percent with the correct item below: 42%, 69%, 90%.
Items:
a) Percent of moviegoers who watched new Avengers movie this weekend
b) Percent of high school students in 2018 who went on to college
c) Percent of college-going survey respondents who listed "level of debt to pay for the degree" as their top concern.
Answers:
a) 90% (from Box Office Guru)
b) 69% (from BLS research)
c) 42% (from Princeton Review survey)
Questions:
How did you become aware of the new Avengers movie? Why do you think it went “viral” and had a record...
Reading List for April 27-28
Apr 26, 2019
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Financial Literacy, Paying for College, Career, Payment Types, Investing, Economics
Financial literacy
Interesting data/graphs in this piece from pymnts.com on Americans’ inability to save money and how they manage their bills and debt.
(Forbes) lists the six things high school graduates should have access before moving on in life….and yes, financial education is #1.
Could early financial education lead to higher earning? (Benzinga)
There are great anecdotes in this piece about not making your personal finance lessons (books, blogs, etc.) too...
NGPF Podcast: Tim Talks to Award-Winning Educator Nic Manogue of Milton High School (WI)
I met Nic recently in Madison, Wisconsin where he received the 2018 Governor's Financial Literacy Award from Governor Tony Evers. Nic has established a program at Milton High School (which he also attended) where EVERY student creates an Academic and Career Plan which they present as a senior project to their classmates and members of the community. What an amazing and important process for students to go through!
In this podcast, you will learn more about why Nic is so passionate about...
QoD: What college major has the highest earnings premium when comparing recent college grads to high school grads?
Answer: STEM majors (Science, Technology, Engineering, Math)
Questions:
Why do you think college graduates with STEM majors earn more than other majors?
Should you choose a college major based on information like this? What other factors might you consider in deciding what you want to study?
This data shows the annual earnings premium for a college grad in their early 20s relative to a high school grad at the same age. If a high school grad is earning about $25,000 in their early 20's,...
Reading List for April 6-7
By Beth Tallman
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Apr 05, 2019
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Financial Literacy, Current Events, Economics, Investing, Paying for College, Insurance
The list is a bit longer today--perhaps more good stuff is popping up during Financial Literacy Month. In any case, there should be something for everyone here!
Financial Literacy Month
CNBC to recognize Financial Literacy Month with special coverage all month.(CNBC)
This was today’s CNBC post, crediting you wonderful finlit warriors for helping your students avoid payday lenders!
How much financial education is enough? (Cincinnati.com)
What men can learn from the way...
QoD: What's the biggest concern for current high schoolers applying to colleges?
By Tim Ranzetta
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Apr 01, 2019
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Question of the Day, Paying for College, Student Loans, Video Resource
Answer: Level of student debt
Question:
What's your biggest concern about applying for college or as you think about your post-high school plans?
Why do you think that student loan debt is such a concern for so many?
Do you know anyone who has a lot of student debt? How are they managing it?
Do you think it is worth it to take on debt for college? Why or why not?
Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the...
Interactive Monday: What Does Debt Look Like In Your Community?
A great hook for students is being able to personalize data for an activity that helps them understand their community better and how it fits within a larger context. Here's an interactive from Urban Institute that shows county-level data for auto loans, student debt and medical debt (the #1 cause of personal bankruptcy). Here's the output for auto loan debt for San Benito, California:
Questions for students (and you can customize for your own county):
How does your county compare with other...
Reading List for March 30-31
By Beth Tallman
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Mar 29, 2019
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Paying for College, Personal Finance, Advocacy, Current Events, Economics, Investing, Taxes
Advocacy
The value of Financial literacy is getting some traction ahead of financial literacy month. (WSJ)
Economics
Apparently the yield curve inverted last week and recession talk is on the rise. Here is a quick one on the subject from Forbes.
Here is a slightly meatier one on the inverted yield curve from SLATE.
New World (Retail) Order
Can Apple change TV/streaming? What will Apple morph into next? (Bloomberg)
Here is what Apple announced on Monday. (CNBC)
Can Amazon change grocery...
Reading List for March 23-24
By Beth Tallman
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Mar 22, 2019
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Financial Literacy, Credit Cards, Investing, Taxes, Economics, Identity Theft, Paying for College
Financial Literacy
We all know that April is Financial Literacy Month. Forbes will publish this piece on why financial wellness matters. Earlier this month, Forbes also published an article on how Financial Literacy keeps athletes from going broke. Keep the articles coming, Forbes!!!
April may be a good time for everyone to do a little financial health checkup. Here is a refresher on limiting potential impact of identity theft. (USA Today)
Economics
The Federal Reserve announced no...
QoD: What percentage of students who started college in 2012 graduated within 6 years?
Hat tip to Beth Tallman for suggesting this question. Thanks!
Answer: 58% overall
Questions:
Which school type has the lowest graduation rates? Which school type has the highest graduation rates?
What might explain these large differences in graduation rates?
What has been the trend in graduation rates over the last 3-4 years for the public and private non-profit colleges?
What do you think are the leading reasons that students do not finish college?
What personal traits do you think it...
Reading List for March 16-17
By Beth Tallman
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Mar 15, 2019
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Paying for College, Behavioral Finance, Economics, Insurance, Investing, Financial Literacy, Taxes
Happy St. Patrick's Day! Happy Reading!
Higher Ed
The story of the week has to be this one about the college entrance bribery. (WAPO) (Inside Higher Ed)
While we are on the subject, this next article highlights the class differences in the college experience as poor kids tell rich colleges what they are experiencing. (EdSurge)
And most people are surprised to learn how low the college completion rate is: (NPR)
Student Loan Hero surveyed 1000 people across all generations about their debt. One...
QoD: What is the discount rate on private college tuition projected to be in 2019?
As award letters start flooding student inboxes this month and next, we thought this was an important question for students to know the answer to.
Answer: 39%
Questions:
What criteria do colleges use to determine the amount of the discount that a student might receive?
Rather than list a discount percentage on your award letter, colleges provide financial aid and grants to reduce the cost of tuition. Why do you think they rarely use the word "discount" anywhere in their financial aid...
February is Financial Aid Awareness Month
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,...
Reading List for February 23-24
By Beth Tallman
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Feb 22, 2019
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Financial Literacy, Behavioral Finance, Budgeting, Career, Paying for College, Investing, Retirement, Taxes
Financial Literacy
“Five Things High Schoolers Need To Know More Than Computer Science” from (Forbes). We all know what one of those things is!!!
Budgeting
The costs of being a woman: Why women end up with less money. (Beth Kobliner)
Investing
An interesting series of charts from Visual Capitalist shows where the breakdown of investments in 2018
Lyft has not become a verb like “Uber” has, but it looks like they will beat Uber with its IPO. (CNBC)
Paying for...
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