Jan 15, 2020
Question of the Day, Taxes
Did you know that most people have to file tax returns for BOTH federal AND state income taxes? Listed below are 7 states that do not (as of 1/10/2020) have state income taxes.
Answer: 7: Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming
Find the top tax rate for your state here:
Note: Tennessee and New Hampshire tax investment income.
How does your state's tax rate compare to other neighboring states?
Do you think that states that...
Jan 14, 2020
Investing, Question of the Day, Index Funds
Answer: AMAZON by a long shot!
Reviewing the chart, how much would your $100 investment five years ago have grown if you had invested in...
The overall stock market (S&P 500)?
Would you have been better off choosing between these 2 companies or just buying the overall stock market through an index fund?
Why do you think that Amazon has performed so much better than Walmart? (Hint: Do you think that online ecommerce is growing faster than “bricks and...
Jan 13, 2020
Student Loans, Question of the Day, Credit Cards, Research
Student loan - $1.5 trillion
Auto loan - $1.32 trillion
Credit Card - $0.85 trillion
Which type of credit has grown the fastest from 2004-2019? Why do you think this is the case?
Using the chart, estimate the growth rate (in trillions of dollars) between 2004-19 for student loans, auto loans and credit cards.
What impact did the Great Recession (2008-09) have on debt levels? Do you think people tend to borrow more or less when a recession occurs? ...
Jan 12, 2020
Career, Question of the Day, Research
Answer: About 50%
Marketplace audio (1:27):
According to the audio, the last decade was the first that didn't have a __________________.
What was the average pay increase across all workers?
While 1/2 of workers may not have received a pay increase, what are other ways that companies may have helped their employees other than raising their pay?
What can you do as a worker to increase the chances that you get a pay increase?
Here's the ready-to-go slides for this...
Jan 08, 2020
Credit Scores, Question of the Day, Credit Cards
Answer: 224 points (from 599 to 375)
Explanation: Your score sank 224 points. A credit card in collections means your credit score is now in the high-300s.
Why do you think not paying your credit card bill for months has such a big impact on someone who is new to credit?
What do you think are the reasons that people can’t pay their credit card bills? Identify at least 3 reasons.
What are strategies you can come up with to make sure that you are always in a...
Jan 07, 2020
Investing, Question of the Day, Stocks
With a new decade upon us, let's look back at the 2010s to see which stocks were on the best and worst performing lists.
Kraft/Heinz: Worst (58% price decline)
Netflix: Best (+3787% price increase)
Under Armour: Worst (60% price decline)
Ulta Beauty: Best (+1206% price increase)
Why do you think that Netflix and Ulta Beauty have done so well as stocks over the past decade?
Why do you think that Kraft Heinz and Under Armour have performed so poorly?
Jan 06, 2020
Purchase Decisions, Question of the Day, Compound Interest
Which would you prefer: a 4 year car loan with $400/monthly payment or a 6 year loan with $300/monthly payment? Why?
Why do you think that most car buyers focus on the monthly payment instead of the overall interest cost when they take out an auto loan?
Complete these sentences:
The longer the term of an auto loan, the higher/lower (circle one) the interest cost (assuming it's not a 0% APR loan).
The longer/shorter (circle one) the term of an auto...
Jan 05, 2020
Behavioral Finance, Question of the Day
Do you think that making New Year's resolutions are a good idea? Explain.
How would you categorize the items that typically show up on a list of popular resolutions?
Do you have any New Year's resolutions? If so, what are they? If not, why not?
What are some strategies that you can use to make resolutions stick? Have you had success with these in the past?
Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers...
Jan 05, 2020
Question of the Day, Credit Cards, Research
Holiday shopping can sometimes mean credit card debt, so this question takes a look at the annual interest cost a family pays when they carry a balance on their credit card.
Methodology: Average household credit card debt of $8,707 (WalletHub analysis) multiplied by an average credit card interest rate of 17.30% (creditcards.com)
Why do you think that so many Americans have credit card debt, meaning they don’t pay the full balance on their credit card...
Jan 02, 2020
Activities, Question of the Day, FinCap Friday, Podcasts, Interactive
We've been posting "Best of 2019 Lists" over the holiday period. In case you missed them, here are links to the posts that list the most popular NGPF resources in each of these categories. Here's to hoping you find some gems here that you can use when classes start up again. Envelopes please...
Question of the Day
Arcade Games and Interactive Library
Product Releases [summary of all of the new NGPF resources developed in 2019]
Thank you to...
Dec 25, 2019
Question of the Day, Behavioral Finance, Budgeting, Credit Cards, Credit Scores, Current Events, Investing, New Products
If you receive our daily blog updates, you know that we produce a Question of the Day every Mon-Thursday during the school year..which amounts to about 160 questions. Here are the 10 questions that garnered the most pageviews in 2019. See how many you can answer correctly:
What's the average credit score needed to rent an apartment?
What percent of people age 75 and older are still working?
What percent of U.S. millionaires are professional athletes?
What percent of 18-34 year olds are...
Dec 18, 2019
Question of the Day, Budgeting, Ethics
Did you know the Thursday before Christmas is National Regifting Day? Who knew?
Do you think it's ok to regift a gift that you have been given? Why or why not?
Would you be ok if someone regifted a gift to you?
What do you think is the strongest argument in favor of regifting?
While 83% say they would be ok receiving a regifted gift, only about 34% admit to having given a regifted gift. Why do you think there is such a gap between these two stats? ...
Dec 17, 2019
Question of the Day, Budgeting, Research
Answer: Between $41,498 to $123,874
Note: Pew Research methodology assumes middle class = 67% to 200% of median household income
Click on the map below to see what your state's median income details are:
Why do you think these figures vary so much state by state?
Can you suggest other ways to measure the middle class other than by income?
Do you think the size of the middle class has changed over time? Why or why not?
Do you think that people earning the same income can...
Dec 16, 2019
Question of the Day, Paying for College, Student Loans, Research
Here's the earlier QoD blog post that had data for the 2012 cohort. Slides have been updated to reflect up-to-date information.
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...
Dec 15, 2019
Behavioral Finance, Question of the Day, Budgeting, Podcasts, Purchase Decisions
Answer: 2 out of 3 (66%)
Here are the reasons they gave for limiting spending:
Have you ever felt like you needed to limit your spending? Why?
What do you think are the main reasons your peers would give for following a budget or limiting their spending?
What do you think is a better saving strategy?
Wait until the end of the month and save what’s left over
Set aside your saving at the beginning of the month and spend whatever is left over after saving