Question of the Day: How do 13-17 year olds learn about personal finance?
Answer:
Questions:
What have your parents/guardians taught you about money? Are there any specific lessons that stand out?
What are some real-world experiences that you have had where you learned valuable lessons about money?
Lots of people have opinions/attitudes/beliefs about money. How can you tell whether advice you are receiving is good advice?
Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the...
Question of the Day: What is the median grade that 13-17 year olds give themselves for their money management skills?
By Tim Ranzetta
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Sep 24, 2018
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Question of the Day, Behavioral Finance, Research, Personal Finance
Answer: B
Questions:
What grade would you give yourself for your money management skills? Explain your answer and the criteria you used to grade yourself.
What are some areas that you think you can improve? What steps can you take to make this happen?
Do you think most people are under or overconfident when it comes to their financial skills? Explain.
Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the Numbers...
Question of the Day: What percent of high school seniors file the FAFSA to access college aid? [Updated]
Answer: 60.9%
Questions:
What is the other 39% of the student population missing out on by NOT submitting the FAFSA?
What are the top three reasons that you think so many graduating seniors do NOT file the FAFSA?
What percentage of graduating seniors do you think submit the FAFSA at your school? (You can find out here!)
Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (from Hechinger Report)
The completion rate for the...
Question of the Day: What percent of 18-24 year olds anticipate using a bank branch in the next two years?
By Tim Ranzetta
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Sep 19, 2018
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Question of the Day, Checking Accounts, Chart of the Week, Research
Answer: 87%
Questions:
How would you have answered this question? Explain your answer.
What was the percent of students in your class who expect to go to a bank branch? How does it compare with the results for 18-24 year olds?
If you have been to a bank branch recently, what did you do there?
What do you think the bank branch of the future (5-10 years from now) might look like?
Click here for the ready-to-go slides for this Question of the Day that...
Question of the Day: What's the average annual car insurance rates for a 16 year-old driver with their own policy?
Answer: $6,930
Questions:
Why do you think that 16 year olds have such high car insurance premiums?
What other factors, other than age, do you think that car insurance companies take into account when setting premiums?
If you currently drive and have your own insurance or are on your parent's/guardian's policy, do you know what the cost is?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the...
Question of the Day: Children with bank accounts are ______ times more likely to graduate from college than those that don't have bank accounts.
Answer: 4 times more likely
Questions:
Do you have a bank account currently? Why or why not?
Why do you think there is a link between having a bank account and graduating from college?
What are the reasons that young people might decide NOT to open a bank account?
What do you need to open a bank account, if you are under the age of 18?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers...
Question of the Day: What percent of 18-34 year olds are investing in the stock market?
Answer: 37%
Questions:
When do you think you will start investing in the stock market? Explain your answer.
Why do you think that the percentage of young people investing in stocks has dropped so much since 2001-2002?
Why do you think a higher percentage of those over 35 years old invest in the market compared to those under 35?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (Gallup Poll):
A...
Question of the Day: What is the #1 long-term financial goal for young people (ages 16-25)?
Answer: Owning a home.
Questions:
What is your #1 financial goal?
Do you think the financial goals of a 16 year old will differ from those for a 25 year old? Explain.
Do you believe that goal-setting is an effective strategy in achieving what you want out of life?
What goals have you set in the last 12 months and what have been the results?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the...
Question of the Day: What's the #1 predictor of career success?
Answer: Having an open network
The more open your network the higher your relative performance.
Describe the networks that you are currently part of.
Do you think of yourself as open or closed when it comes to your various networks? Explain.
The writer describes Steve Jobs (founder of Apple) as an example of how an open network can lead to incredible success. How is the iPhone an example of a product that benefited from Job's open network and his ability to draw from different...
Question of the Day: What's the average age of founders of the highest growth start-ups?
Answer: 45
Questions:
Why do you think most people assume founders of high growth companies are in their 20s?
What advantages does a middle-aged entrepreneur have compared to a 22-year old founder?
What types of businesses do you think a 22-year old founder might be better starting compared to someone in their 40s?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (Kellogg School of...
Question of the Day: How much do millennials spend annually on coffee?
By Tim Ranzetta
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Sep 09, 2018
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Budgeting, Behavioral Finance, Retirement, Question of the Day, Investing
Answer: $2,008
Thanks to Lynn Fischer of Kimberly High School (WI) for recommending this Question of the Day!
Questions:
Assuming that they buy a coffee every day of the year (365 days in a year), what would be the daily cost of a cup of coffee?
What are ways that millennials could reduce their cost of coffee without going "cold turkey" and not drinking it anymore?
Are there things that you buy on a daily basis that would add up to hundreds of dollars spent on an annual basis?...
Question: What is #1 reason that people give for paying their credit card bill late?
Answer: I forgot to make the payment
Questions:
Why do you think that so many people forget to pay their credit card bill?
What do you think are some of the consequences of not paying your bill on time?
What are steps that you can take so you are not one of those "forgetful" people who don't pay their bills on time?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (NerdWallet):...
Question of the Day: What is the average fee when you overdraw your checking account using your debit card?
Answer: $32.75
Questions:
What do you think are the reasons that people spend more money than what they have in their checking accounts?
What has been the trend with overdraft fees since 2013?
What are ways that you can prevent your account from being overdrawn (spending more than you have in your account)?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (MoneyRates.com):
The...
Question of the Day: What percent of employees get paid holidays as a benefit?
Answer: 76%
Thanks to NGPF Fellow Brian Page (listen to his podcast here) for sending along this very timely idea on Labor Day.
Questions:
Do you think paid holidays are a valuable employee benefit? Explain.
What types of jobs do you think offer paid holidays as a benefit?
What do you think are the holidays that companies typically pay for?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the...
FinCap Friday: The Raging Bull
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Aug 30, 2018
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Investing, Question of the Day, FinCap Fridays, Stocks, Compound Interest, Current Events, Savings
We know your students have a fascination with the stock market. Use the market's recent record-breaking performance to start a discussion about the pros/cons of investing. Learn more in the third installment of FinCap Friday, The Raging Bull.
For a quick refresher, our FinCap Fridays include...
A five question Kahoot!
A 90 second video providing details about the current event and explaining why it matters to students
A discussion prompt
Activity ideas to extend the learning...
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