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...
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...
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