Category: Question of the Day

What has larger sales when they launch: blockbuster movies or video games?

|
Nov 14, 2018
|
Budgeting, Question of the Day, Current Events
Answer: Video games  Questions: Are you more likely to pay for a new video game or to see a new movie? Why? Do you think of movies and video game purchases as wants or needs? Explain. What makes blockbuster video games popular? Blockbuster movies? How do you know when something is popular?  Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (Statista) Red Dead Redemption 2, one of...

Question of Day: What are the odds of someone with a college degree becoming a millionaire?

|
Nov 13, 2018
|
Personal Finance, Question of the Day
Hat tip to Derek D'Angelo, President of Michigan Council on Economic Education, for this Question of the Day idea! Answer: 1 in 6, which is 4X greater than the odd of a high school graduate becoming one.  Questions: What does the chart tell you about the relationship between education and earnings?  Why do you think that someone with a college degree is 4X more likely than a high school graduate to be a millionaire?  Do you think you can be a millionaire? What is your plan to...

What have been the top 10 NGPF Questions of the Day?

|
Nov 12, 2018
|
Question of the Day, Insurance, Budgeting, Career, Credit Cards, Paying for College
A little over a year ago, we made the fateful decision to produce a new Question of the Day for every day during the school year. Over 250 questions later, we're still going strong. I thought it would be fun to go back and see what questions garnered the most pageviews to try and tease out some themes. Announcing NGPF's top 10 Questions of the Day since October 15, 2017: 10. What's the average lifespan of a toy fad? 9, What color car is more costly to insure: red or black? 8. What are teens...

Question of the Day: What percent of teens say brand is most important when making a purchase?

|
Nov 11, 2018
|
Question of the Day, Behavioral Finance, Budgeting, Research, Current Events
Answer: 45% Here's a video that explores the brain science behind why we love brands (from NGPF Video Library)  Questions: With what purchases do brands matter most to you? All purchases, only some or none at all?  What are your favorite brands? Can you explain what you think these brands say about you?  Why do you think that teens, in particular, tend to have the strongest affinity to brands?  Optional: What are two takeaways you got from watching the video?  Click...

Question of the Day: A picture of a pair of eyes was placed above a donation box. Did donations increase or decrease?

|
Nov 07, 2018
|
Question of the Day, Behavioral Finance, Generosity
Answer: Increased by 80% Questions: What do you think are reasons that people donate to causes like a children’s museum? Why do you think that donations rose when a pair of eyes were placed about the donation box? Have you ever done something with money that you normally would not have done because someone was watching (e.g., leave a larger tip, donate to a charity) Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom....

Question of the Day; What is the average cost of tuition and fees at public 4 year colleges in your state?

|
Nov 06, 2018
|
Question of the Day, Paying for College, Student Loans
Answers will vary Here's a link to the spreadsheet with the answer for each of the 50 states.  Questions: How did you do with your guess? Did you under or over-estimate the average cost? This question was about tuition and fees. What is another major cost for students going to college? How does knowing the “correct” answer affect the way you think about college? This research surveyed 9th graders. Do you think the results would be different if they surveyed 12th graders?...

Question of the Day: What percent of voters think the economy is an important issue this election cycle?

|
Nov 05, 2018
|
Question of the Day, Chart of the Week, Economics
Answer: 78% Questions: Is the economy an important issue for you/your family at this time? Explain.  What would be your headline for the chart above?  Why do you think the economy was so important during the mid-term election in 2010?  What do you think the relationship is between unemployment rates and how important the economy is to voters?  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: How much does the average person spend on Halloween candy and costumes?

|
Oct 30, 2018
|
Question of the Day, Budgeting
Answer: $86.79 Questions: How much do you think your family spent on Halloween candy this year? on costumes? How do you typically celebrate Halloween? How much do you think you have spent over the past 3-4 years to celebrate Halloween? Would it surprise you to learn that Halloween is the second most popular holiday in terms of consumer spending? Why do you think it's so popular? Click here for the ready-to-go slides for this Question of the Day that you can use in your...

Question: What percent of Americans between the ages of 21-37 think they will be millionaires?

|
Oct 29, 2018
|
Investing, Research, Question of the Day, Personal Finance
Answer: 53% Here's how much you need to invest monthly (and earn 7% annually) to get to $1 million: Questions: Is this a financial goal of yours? Do you think it's healthy to have financial goals like this? Explain. Why do you think that most people fall short of achieving this type of goal? What hurdles stand in the way? Do you think that investing $500/month will be difficult when you have a full-time job? Explain. A friend asks you what you think are three key factors to becoming a...

Question of the Day; What percent of teens expect to work part-time while in college?

|
Oct 28, 2018
|
Question of the Day, Paying for College, Employment, Research, Current Events
Answer: 58% 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: Who is more likely to buy a home: a 25-30 year old with no student debt or one with more than $50k in student debt?

|
Oct 24, 2018
|
Question of the Day, Student Loans, Mortgages, Research, Chart of the Week
Answer: 25-30 Year Old with $50K in student debt Hat tip to NGPF Fellow Brian Page for sharing this awesome Question of the Day and chart below that he has used successfully in his classroom.   Questions: Overall, what has been the trend with all 25-30 year olds buying homes since 2005? What might explain this? [Hint: What happened in 2008-09?] Why do you think that 25-30 year olds who are current with $50K in student debt buy homes at greater rate than those with no student debt?...

Question of the Day: How high would monthly fees need to be to make 18-21 year olds switch banks?

|
Oct 23, 2018
|
Checking Accounts, Current Events, Question of the Day
 Answer: $30.80 Questions: Do you know the monthly fees that you currently pay on your bank account?  Why do you think young people seem to have a higher tolerance for fees (fees have to be higher from them to consider a switch) than older generations?  Would it surprise you that 1/3 of bank customers wouldn't switch accounts no matter what the monthly account maintenance fees are? What do you think accounts for this inertia when it comes to switching bank accounts? Click here...

Question of the Day: What does financial security mean to you?

|
Oct 21, 2018
|
Question of the Day, Financial Literacy, Personal Finance, Investing, Research, Current Events
Answers: Will vary Listen to what financial security means to a cross-section of Americans in this Marketplace podcast (listen from 2:30-5:45) Questions: How will you know when you have achieved financial security as an adult living on your own? When do you hope to achieve this? What are the different definitions of financial security that you heard on the podcast? Does it surprise you that people can have such varying definitions of what it means to be financial secure?   What...

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

|
Oct 17, 2018
|
Question of the Day, Career, Research, Current Events
Answer: $1,400  Questions: Have you or any friends created a YouTube channel and built an audience? 3% of YouTubers get 90% of YouTube views. What do you think demonstrates about popularity on the internet? How do you decide what to watch on YouTube? How do you find about popular videos that might be of interest to you? Do you think $1,400 a month is enough for an independent adult to live on? Here's the ready-to-go slides for this Question of the Day that you can use in your...

Chart of the Week: How good of an investment is real estate?

|
Oct 17, 2018
|
Investing, Question of the Day, Chart of the Week, Mortgages, Research
Hat tip to A Wealth of Common Sense blog for this awesome data distilled from Case-Shiller/FRED index of home prices: Notes: Positive is number of years that home prices rose in the period 1987-2018 Negative is the number of years that home prices declined in period 1987-2018 Biggest gain is the largest gain in home prices on a year-over-year basis. Biggest loss is the largest loss in home prices on a year-over-year basis.  Annual Gains is the average annual gain in home prices over this...