May 03, 2019
Economics, Paying for College, Insurance, Investing, Retirement, Current Events
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)
Apr 29, 2019
Paying for College, Question of the Day
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.
a) 90% (from Box Office Guru)
b) 69% (from BLS research)
c) 42% (from Princeton Review survey)
How did you become aware of the new Avengers movie? Why do you think it went “viral” and had a record...
Apr 26, 2019
Financial Literacy, Paying for College, Career, Payment Types, Investing, Economics
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...
Apr 26, 2019
Teaching Strategies, Podcasts, Paying for College, Student Loans
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...
Apr 22, 2019
Question of the Day, Paying for College, Student Loans
Answer: STEM majors (Science, Technology, Engineering, Math)
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,...
Apr 05, 2019
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...
Apr 01, 2019
Question of the Day, Paying for College, Student Loans, Video Resource
Answer: Level of student debt
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.
Mar 31, 2019
Interactive, Paying for College, Student Loans
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...
Mar 29, 2019
Paying for College, Personal Finance, Advocacy, Current Events, Economics, Investing, Taxes
The value of Financial literacy is getting some traction ahead of financial literacy month. (WSJ)
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...
Mar 22, 2019
Financial Literacy, Credit Cards, Investing, Taxes, Economics, Identity Theft, Paying for College
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)
The Federal Reserve announced no...
Mar 18, 2019
Paying for College, Research, Student Loans
Hat tip to Beth Tallman for suggesting this question. Thanks!
Answer: 58% overall
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...
Mar 15, 2019
Paying for College, Behavioral Finance, Economics, Insurance, Investing, Financial Literacy, Taxes
Happy St. Patrick's Day! Happy Reading!
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...
Mar 12, 2019
Question of the Day, Paying for College, Student Loans, Research
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.
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...
Feb 26, 2019
Paying for College, Parent Conversations, Student Loans
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,...
Feb 22, 2019
Financial Literacy, Behavioral Finance, Budgeting, Career, Paying for College, Investing, Retirement, Taxes
“Five Things High Schoolers Need To Know More Than Computer Science” from (Forbes). We all know what one of those things is!!!
The costs of being a woman: Why women end up with less money. (Beth Kobliner)
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)