QoD: What's the cost of Thanksgiving dinner for ten in 2019?
Answer: $82.83
Questions:
Assume you have an extra $10, what additional food items would you add to this list for Thanksgiving dinner?
Do online research to make sure you’re not spending more than $10.
If you only had $53 to spend, what items would you choose from this list?
What are you thankful for this Thanksgiving season?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the...
QoD: How much money is spent on the internet every 60 seconds?
Hat tip to Yanely for pointing out this fascinating question.
Answer: $996,596
Here's what else happens in an internet minute:
Questions:
You guessed the answer as to how much is spent in a minute on the internet. Calculate how much is spent in
an hour,
a day,
a month, and
a year.
What are items that you buy over the internet?
Do you the think shopping on the internet will increase or decrease in the next five years? Explain.
Here's the ready-to-go slides for this...
QoD: What one-word search term on Google sees annual spikes in November?
Answer: Friendsgiving
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (the Atlantic):
In the past five or so years, hosting a Thanksgiving meal among friends a week before the actual holiday has become a standard part of the celebration for many young adults.
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Here's an NGPF project that engages students in Planning A Friendsgiving Dinner. ...
QoD: Which tech company do consumers trust the most to handle their finances: Amazon, Google or Apple?
As technology firms increasingly angle their way into financial services, the trust factor becomes an important one.
Answer:
Questions:
How would you answer the question? Why?
Do you think technology companies will have success competing against existing banks? Why or why not?
Thinking like an entrepreneur, what has been one part of your experience with banks that you think needs to be improved?
Here's the ready-to-go slides for this Question of the Day that you can use in your...
Question: How much more time do adults spend watching TV vs. managing household finances in a typical month?
Answer: About 70 times more time is spent watching TV (85 hours/month on TV compared to an hour and 12 minutes on finances)
Questions:
What are three reasons why adults spend so little time on managing finances?
How do you think that technology has impacted the time required to manage personal finance? Explain.
What are examples of activities that adults do to manage their finances?
How important do you think it is to spend time on financial management?
Here's the...
QoD: Starbucks vs. Dunkin Donuts: Which company's stock has performed better over the past five years?
People tend to be pretty vocal about their preferred "go-to" coffee spots. Who is winning the coffee war (from the investor's perspective)?
Answer: Starbucks.
Questions:
What factors do you think contribute to the very different market performance of these companies?
Starbucks is much larger and has a larger international presence. Do you think those factors are important?
Which do you personally prefer? Explain why you prefer it.
Would you make an investment decision based on a...
Throwback Tuesday QoD: How much will consumers pay in interest to credit card companies in 2019?
Answer: $143 billion
Average credit card debt of $830 billion (Experian study, 2019) multiplied by an average credit card interest rate of 17.27% (creditcards.com)
Questions:
Why do you think that so many Americans have credit card debt, meaning they don’t pay the full balance on their credit card statements every month?
Does credit card debt carry a high or low interest rate?
What ideas do you have on how you can avoid getting into credit card debt where you can't pay your balance off...
QoD: You're new to credit and miss a payment on your credit card. How much will you credit score decline?
Answer: 131 points (from 599 to 468)
Explanation: Your score sank 131 points. As someone who is new to credit, you have the most to lose from a missed payment. This mistake will move you from Fair to Poor and make future credit more costly or more difficult to obtain.
Questions:
Why do you think a late payment has such a big impact on someone who is new to credit?
What do you think are the reasons that people make late payments on their credit card? Identify at least 3 reasons.
What are...
QoD: How many years has the typical American homeowner been in their current home?
By Tim Ranzetta
|
Nov 06, 2019
|
Economics, Question of the Day, Budgeting, Purchase Decisions, Research, Mortgages
This is a good one for Economics class as it's a demonstration of supply/demand factors in the housing market. Given that the trend has been for homeowners to stay in their houses for longer periods of time, the supply of houses for sale (inventory) goes down and if new construction doesn't close that supply gap then there's a supply/demand imbalance. You can guess what happens next.
Answer: 13 years
Here's a chart showing the regions where homeowners have been in their homes the longest,...
QoD: Which brands do Gen-Zers prefer: a) Coke or Pepsi b) Snapchat or Instagram c) Starbucks or Dunkin Donuts?
Answer:
a) Coke (63%) vs. Pepsi (37%)
b) Instagram (59%) vs. Snapchat (41%)
c) Starbucks (61%) vs. Dunkin Donuts (39%)
Questions:
What influences brand choices?
Take ONE of the three brand pairs and describe why you use that brand.
Looking at the brand pairs above, do you typically use just one brand or both? Explain.
Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (State of Gen Z Snackers):
Make way for the newest...
QoD: Can you name ONE of the top 3 reasons students take a gap year after graduating from high school?
Answer (from Gap Year Association report):
Gain life experience and personal growth
Travel, see the world, experience other cultures
Take a break from traditional academic track
Questions:
Would you ever consider taking a gap year after graduating high school? Why or why not?
If you could take a year off after high school (“gap year”), what are some ideas on how you could use that time?
Click here for the ready-to-go slides for this Question of the Day that you can use in...
QoD: Which Halloween item do consumers spend the most on: Decorations, Candy or Costumes?
Answer:
Note: Figures above represent amount spent per person.
Questions:
What did you/your family spend the most on this year? How much did you/your family spend on all Halloween items? [Average spend this year was $86.27]
What role did social media have on your Halloween spending this year (e.g., did you find costume ideas on Instagram?) Explain.
Would it surprise you to learn that Halloween is the second most popular holiday in terms of consumer spending? Why do you think...
QoD: The most common scams in the U.S. are _____________.
It's the Halloween season, so here are some tricks to watch out for when shopping online.
Answer: Online purchases
Learn more about online purchase scams from Marketplace: mp_20191028_seg_19_64 (1)
Here are the top product categories for online purchase fraud:
Questions:
Why do you think that pets are the product category that scams the most people?
What are warning signs that something could be a scam?
What are some tips to avoid becoming a victim?
Where are...
QoD: You want to start a business. What should be your #1 priority?
Answer: Building a strong team
Questions:
Why do you think that team is so important in a start-up company?
Think about a team that you were involved with. Use examples from sports, school clubs and activities or classroom projects. What was it about the team that made it successful (or not)?
Which of the skills on the list do you think are innate (you are born with them) vs. can be developed through education or experience?
Here's the ready-to-go slides for this Question of the Day that you...
QoD: What is most trusted profession in America: Bankers, Nurses or High School Teachers?
Thanks to Sonia for finding this chart!
Answer: Nurse
Questions:
Why do you think that people have such high trust in nurses?
Many of the lower trust professions are finance-related (bankers, real estate agents, car salespeople). What is it about those jobs that leads to this lack of trust?
How can you protect yourself in situations where you are buying a car or house and don't trust the car salesperson or real-estate agent?
Here's the ready-to-go slides for this...
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