Category: Question of the Day

Question of the Day (Updated): What's the average student loan debt for Americans over 60?

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Nov 30, 2020
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Question of the Day, Paying for College
Answer: $33,800 Questions: Did you expect people over 60 to still have student debt? Why or why not? What do you think causes someone to still have student debt at age 60? How do you think having student debt impacts their lifestyle? Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (Wall Street Journal): "On average, student loan borrowers in their 60s owed $33,800 in 2017, up 44% from 2010,...

Question of the Day: What percent of Black Friday shoppers expected to shop online?

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Nov 29, 2020
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Question of the Day, Budgeting
Answer: 64% Questions: Did you do any shopping on Black Friday?  Do you have a budget for holiday gifts this year?  Do you think it's easier to spend more online than when buying at a store? 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 numbers (Deloitte report):With shoppers significantly cutting back on in-store visits, the demand is high for convenient options to meet safety needs. In...

Question of the Day: What percent of Americans donated time or money in the past year?

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Nov 23, 2020
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Question of the Day, Generosity
Answer: 73% donated money and 58% donated time Questions:  Have you ever volunteered time or donated money in the past year?   What did you do? How did the experience make you feel? Why do you think people feel good after donating time or money even if they know they’re not going to receive anything in return? What are some ways you can be charitable in your town or city? Here's the ready-to-go slides for this Question of the Day that you can use in your classroom....

Question of the Day: What's the cost of a Thanksgiving dinner for 4 in 2020?

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Nov 22, 2020
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Question of the Day, Budgeting
Answer: From $28 to $58 (rounded up) depending on where you shop Questions: Assume you have an extra $10 to spend, 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.  What are you thankful for this Thanksgiving season?  ------------- Extension MATH Activity: Costco was not included given the bulk size of the products they sell (Thanksgiving leftovers might last through New...

Question of the Day: You purchase a new TV with a store card offering 0% APR (pay no interest) for 18 months. What happens if you don't pay in full within 18 months?

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Nov 18, 2020
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Question of the Day, Credit Cards, Research
Answer: 53% of store cards have deferred interest features meaning you will pay interest going back to the date of the purchase which can be quite costly.   Questions: Black Friday is right around the corner..why do you think these 0% APR offers are so popular at this time of the year?  How often do you think consumers forget to pay off the full balance and get hit with these deferred interest surprises?  Do you think offers like are a good idea for consumers? Why or why...

Question of the Day (Updated): What undergraduate college major provides graduates with the highest median mid-CAREER salary?

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Nov 17, 2020
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Question of the Day, Career, Paying for College
Answer: Petroleum Engineering with a mid-career median pay at $176,900   Questions: Have you given much thought to a college major? If so, do any of the majors in the chart interest you? How would you describe the majors that rank highest in terms of median career earnings? What similarities do they have? These mid-career salaries are based on a person’s bachelor’s degree. Do you think it is important to continue education before moving into a career? (ex. Graduate...

Question of the Day (Updated): What percent of 18-34 year olds are investing in the stock market?

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Nov 16, 2020
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Question of the Day, Investing
Answer: 41% Questions: When do you think you will start investing in the stock market? Explain your answer. Based on the value of their investments, do you think that those under 35 year are well prepared when it comes to saving for retirement? 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...

Question of the Day: Did a higher percentage of families use online banking OR write a check within a 12 month period?

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Nov 15, 2020
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Question of the Day, Checking Accounts
Questions:  How would your family have answered this question?  Are you surprised that over 60% of families had written a paper check in the last 12 months? What might be reasons they write checks? Analyze the changes since 2016. Which of the two (online banking or paper checks) saw a more dramatic change?  Why do you think that more than 20% of families don't use online banking?  Click here for the ready-to-go slides for this Question of the Day that...

Question of the Day: How much would a $100 investment in Warren Buffet's company in 1964 be worth in November of 2020?

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Nov 11, 2020
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Investing, Question of the Day
Answer: About $2.8 million The math: From Berkshire Hathaway Annual Letter to investors: Overall gain from 1964 to 2019: 2,744,062%  At end of 2019, that $100 would be worth $2,744,162 Berkshire stock performance (through 11/9/20): 0.87% bringing investment's value close to $2.8 million Questions: Do you think it is easy/difficult to hold on to investments like this over the long-term? Explain. If you had the chance to meet Warren Buffett, what are two questions that you would ask...

Question of the Day (Updated): A YouTuber with over 1.4 million views a month can expect to earn about _____________ in monthly income.

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Nov 10, 2020
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Question of the Day, Career
Answer: about $1,282 - $2,136 The $2,564 - $4,273 in the calculator is before Youtube takes its cut of about 50%! (This number is not only dependent on views but also viewer engagement) Questions: Have you or any friends created a YouTube channel and built an audience? How do you decide what to watch on YouTube? How do you find out about popular videos that might be of interest to you? How would it make you feel if you earned 1.4 million monthly viewers and then Youtube took around 50% of your...

Question of the Day (Updated): What 3 jobs are projected to be the fastest growing over the next decade?

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Nov 09, 2020
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Question of the Day, Career
Answer (based on percentage growth in job category): Wind turbine service technicians Nurse Practitioners Solar photovoltaic installers Source: Bureau of Labor Statistics Questions: Can you come up with any future trends or themes based on the jobs that are on this list (e.g. aging population will require more nurse practitioners)? Did any of the jobs appearing on this list surprise you? Which jobs on the list provide the highest salaries? What do you think are the educational qualifications...

Question of the Day: What percent of your daily activities are habits?

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Nov 08, 2020
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Behavioral Finance, Question of the Day
Answer: 45% Questions:  Reflect on your day so far. What are some examples of habits that have become part of your daily routine? What are some money habits you have? Do you find it easy or difficult to change habits? Explain. Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (Chris Sparks: Why Habits Are More Important Than We Can Imagine) Humans are, by our nature, creatures of habit. ~45% of...

Question of the Day (Updated): What factors are most important to students in picking a college [during Covid]?

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Nov 04, 2020
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Question of the Day, Paying for College
Answer: Cost of Attendance and Distance from Home [these factors caused students to alter their first-choice university the most] Here are some great follow-up questions to ask your students about this resource: Were any of these reasons on the list surprising to you? Why or why not? Are there any reasons you think are missing from this list? If a friend was deciding where to go to college, what would be some of the reasons you would tell them? Why would you emphasize these particular points?...

Question of the Day: What is the top-selling fast food category: Snacks, Burgers or Pizza?

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Nov 03, 2020
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Question of the Day, Budgeting
Answer: Burgers with $81.6 Billion in sales in 2019 Questions:  How much of your personal food budget goes to "fast food?" How do you think COVID-19 has impacted fast food sales? Do you think this will be a temporary or lasting change?  Have you seen more examples of healthier options being offered at fast-food restaurants? What do you think is causing this trend?  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 (Updated): What is the average fee when you overdraw your checking account using your debit card?

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Nov 02, 2020
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Question of the Day, Checking Accounts
Answer: $33.47 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 1998? Why do you think banks are charging more for fees (on average)?  What are the 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...