Category: Question of the Day

Question of the Day (Updated): Can you name ONE of the five most valuable NFL franchises?

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Sep 21, 2020
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Question of the Day, Current Events
Football season is upon us again! Let's see what NFL teams are worth the most. Answer: Dallas Cowboys: $5.7 billion New England Patriots: $4.4 billion New York Giants: $4.3 billion Los Angeles Rams: $4 billion San Francisco 49ers: $3.8 billion Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Questions: What factors do you think drive the value of a sports franchise?  Do you or your friends spend money to support your favorite...

Question of the Day: What five factors are most important in determining car insurance rates?

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Sep 20, 2020
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Question of the Day, Insurance
Answer:  Age Driving history Credit Score Years of driving experience Location Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Questions: Why is age considered such an important factor by auto insurers? Do you think auto insurer rates are higher for a 50 year old or a teenager? Why?  Which of these five factors work in your favor as a teenager?  Behind the numbers (The Zebra): Age is a very significant rating factor, especially...

Question of the Day (Updated): How many checks does the average American write each year?

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Sep 16, 2020
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Question of the Day, Checking Accounts
Answer: 36 Questions: If you have a checking account, how many checks have you written in the past month? What do you think are the most common expenses that people write checks for?  What do you think the answer to the number of checks would be for the average teenager with a bank account? Do you think the answer to this question will change in the next five years? Explain.  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: How many of the top 10 best used cars under $5,000 can you name?

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Sep 15, 2020
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Purchase Decisions, Question of the Day
Note: This question was updated on 9/16/20.  Answer: Questions: How important is safety when it comes to the car you drive/expect to drive?  Would you purchase a less safe car if it cost $5,000 less than the higher safety car you were considering? Explain your answer.  What are the other factors that you will consider when buying your first used or new car? 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 (Updated): 93% of employees receive their paycheck via: a) Cash b) Direct Deposit c) Check

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Sep 14, 2020
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Question of the Day, Checking Accounts
Answer: Direct Deposit Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Questions:  In your own words, what do you think direct deposit is? What do you think might be a few advantages to receiving your paycheck this way? In order to receive a paycheck via direct deposit, what does an employee need to have?  Many employees use direct deposit to split their paycheck between their checking and savings accounts. What do you think is...

Question of the Day: The federal government mailed out $1,200 stimulus checks this spring. Rank order from highest to lowest how people used the stimulus: Purchased stuff, paid down debt or saved it?

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Sep 13, 2020
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Question of the Day, Budgeting
Answer: 41% of stimulus checks went to purchase stuff, 31% to repay debts and 27% was saved Using data from a recent survey of 12,000 Americans conducted by Nielsen, a market-research firm, the authors found that just 42% of the money was spent. Another 27% was saved. The remaining 31% was used to repay debts. https://www.economist.com/graphic-detail/2020/09/02/how-did-americans-use-their-coronavirus-stimulus-cheques Questions: What do you notice about the relationship between household income...

Question of the Day: At what age did most parents/guardians teach or plan to teach their children about personal finance?

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Sep 09, 2020
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Personal Finance, Question of the Day
Answer: Between the ages of 5-10 years old Questions: Have you had conversations with your parents/guardians about money?  If yes, what have you discussed?  What can make these conversations easy or difficult to have? Do you plan to discuss what you are learning in this course with a parent or guardian?  Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Marketplace recently had a feature with advice on...

Question of the Day (Updated): What percent of Americans who have credit card debt won't be able to pay it off within a year?

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Sep 08, 2020
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Question of the Day, Credit Cards
Answer: 70% Questions: What do you think keeps so many Americans from paying off their credit card bill every month? Many who don’t pay their credit card bill every month will just pay the minimum (or about 3% of what they owe). Is that a good strategy? Why or why not? Why is it so important not to carry credit card debt month to month? What advice would you offer to a friend who’s trying to pay down their credit card bill while still managing their other expenses? Click here for...

Question of the Day: What percent of consumers will only shop at stores that offer a contactlesss ("tap to pay") payment option?

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Sep 07, 2020
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Question of the Day, Payment Types
Answer: 52% Questions: Would you only shop at stores that offer a contactless payment option?  After COVID-19, do you think your payment behaviors will change and you will be more comfortable with cash and credit/debit card readers?  What are some concerns you might have about a cashless society?  Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.  Behind the numbers (VISA study):  Your money or...

Question of the Day (Updated): How many payment transactions does a consumer make in a typical month?

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Sep 02, 2020
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Question of the Day, Budgeting
Answer: 72 transactions on average Questions: How many payment transactions do you make in a typical month?  What are the various ways that you pay for things? List them from most to least popular.  How do you keep track of your payment transactions?  How do you think the way you pay for things might change as you get older?  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: In recent FINRA survey, 30% of investors made _______ stock trades in a 12 month period.

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Sep 01, 2020
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Question of the Day, Investing
Answer: ZERO. Questions: Why do you think these investors made no trades in a year? Do you think that's a positive or a negative for investors?  Would it surprise you that researchers have found that the more investors trade stocks the more likely they are to lose money?  Why do you think men, on average, trade more frequently than women?  Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (FINRA survey):...

Question of the Day (Update): What is #1 reason that people give for paying their credit card bill late?

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Aug 31, 2020
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Question of the Day, Credit Cards
Answer: 44% 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 (WalletHub):...

Which grocery store food group saw largest increase in prices in last 12 months: Beef, Fruits/Vegetables or Beverages (non-alcoholic)?

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Aug 30, 2020
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Budgeting, Question of the Day
Answer: Beef rose by 14.2% in last 12 months Non-alcoholic beverages rose by 5.0% Fruits and vegetables rose by 2.3% Questions: What may be causing beef prices to rise so sharply? (Hint: think supply/demand) Do you think that families adjust their food budgets when prices for a specific food group increases so much?  If you were managing a restaurant that sold hamburgers, what decision would you make regarding the price that you charge customers for your burgers?  Click here for...

Question of the Day (Updated): What percent of teens expect to work part-time while in college?

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Aug 26, 2020
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Question of the Day, Paying for College
Answer: 43% Questions: Do you plan to work part-time while in college? If so, how many hours do you want to work?  If you don't plan to work part-time while in college, what jobs/internships do you want to pursue during the summer? How much do you want to save from your part-time job/internships? What do you think is the optimal number of hours for working a part-time job without impacting your studies?  Click here for the ready-to-go slides for this Question of the...

Question of the Day: What was the percentage increase in e-commerce retail sales in the April - June quarter compared to 2019?

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Aug 25, 2020
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Question of the Day, Purchase Decisions, Behavioral Finance
Answer: 45% Questions: Are you/your family purchasing more online than you did last year?  What items are you purchasing online vs. purchasing in-store?  Do you think your purchasing behavior (online vs. in-store) will change post-coronavirus?  Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (Axios):  The big picture: Stuck at home for weeks on end, we turned to the internet and delivery to meet our...