Question of the Day: What is #1 reason that people give for paying their credit card bill late?
Answer: They forgot!
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):
"In a nationally...
Question of the Day: Can you name ONE of the ways that consumers, under age 25, establish credit?
Answer:
Here's a look at credit-building tools, and how to use them to earn a good credit score.
1. Get a secured card
2. Get a secured loan
3. Use a co-signer
4. Become an authorized user
5. Get credit for the bills you pay
6. Practice good credit habits
Questions:
Why do you think that credit cards tend to be the entry point for establishing credit for so many consumers?
Almost no one in any age group establishes their credit for the first time by taking out a...
Question of the Day: Which group is seeing the fastest growth in being scammed online: Gen Z OR those over 60 years of age?
Answer: Gen Z
Questions:
Why do you think that young people are seeing faster growth in online scams?
Have you seen any examples of online scams? How could you tell they were scams?
What advice would you give to your peers to avoid being scammed online?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (CNBC):
Here are some common scams that target teens or young adults and how to avoid them, per Social...
Question of the Day: Since March of 2020, which month saw the highest U.S. personal savings rate?
Answer: April of 2020 when personal savings rate hit 33.8%
Questions:
Why do you think the savings rate peaked in April of 2020? [Time article explains why]
Do you think these savings habit will stick in the long-term? Why or why not?
What do you think is a good saving target to aim for personally?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (Time):
The U.S. personal saving rate...
Question of the Day: How much revenue do college sports generate for athletic departments each year?
Answer: Over $18 Billion!
Questions:
What are ways that college athletic programs might earn money?
How do the student-athletes impact the amount of money that a program can bring in?
Do you think that student-athletes should be able to receive cash payments or gifts for their collegiate athletic careers? Why or why not?
Do you think that student-athletes should be able to negotiate endorsement deals? Why or why not?
Click here for the ready-to-go slides for this Question...
Question of the Day: Would you rather have $1,000,000 or start with a penny and double your money every day for 30 days?
If you want to become a content expert in Investing and earn an NGPF certification, consider our Investing and Advanced Investing courses.
Good question to show the power of compounding...of course be sure to tell them that no investment would double on a daily basis for 30 days;) Calculators not allowed!
Answer: Starting with a penny and doubling it every day compounds to $10.7 million after 30 days
Day 1: You would have $0.02
Day 2: You would have $0.04
Day 3: You would have $0.08
Day...
Question of the Day: What matters most to teens when making a clothing purchase: Brand, Price or Quality?
Answer:
Note: Teens ranked on 1-5 score with 1 being the most important.
Questions:
Which of these factors matter most to you when making a clothing purchase? Why?
Would you have given a different answer if you were asked this question 5 years ago?
How would your answer change if considering a food purchase instead of clothing?
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 [Latinx/Hispanic Heritage Month]: A 2020 Hispanic Wealth Report found that Latinos are most likely to build wealth through: stocks, bonds, or real estate?
Answer: Real Estate
Questions:
Why is real estate typically a strong investment option?
What are ways an individual can work towards owning their own property?
How would owning an investment property outside of a primary residence be helpful for building wealth?
Although real estate can help build wealth, why is it still important to diversify investments?
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: Gen Z (18-24 year olds) have on average ___ credit cards with an average balance (amount they owe) of $______.
Answer: Gen Z (18-24 year olds) have on average 1.64 credit cards with an average balance (amount they owe) of $2,197.
Questions:
What is the first word that comes to mind when you hear "credit card?"
When do you think you will get a credit card?
If you have one already, when did you get it? How do you use it?
What do you think are some of the pros/cons of credit cards?
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 was the average price of a new car sold in June 2021?
Answer: $42,258; Up 6.36% from June 2020
Questions:
What has caused the price to increase so much on new cars?
What happens to the value of a car once you drive it off the dealer's lot?
Do you think about cars as an investment? 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 (Kelley Blue Book):
Average New-Vehicle Prices Hit All-Time High, According to Kelley Blue...
Question of the Day: What was the #1 reason new Latinx/Hispanic investors gave for opening investment accounts in 2020?
Answer:
Note: Investment accounts are more accessible now due to commission-free trading, minimums as low as $1 and the ability to buy fractional shares of stock
Question:
What would motivate you to open an investment account? For those who have an investment account, explain your reasons for opening it.
How much money do you think you need to invest in the stock market to get started?
How might new investors that are 18 or 19 years old answer this question...
Question of the Day: What's the top financial app in the App Store: Venmo, Cash App or PayPal?
Answer: Cash App
From App Annie (9/24/21):
Questions:
Why do you think these person-to-person apps are so popular (top 3 on the list)? When do you think people find these apps most useful?
Do you have any finance apps on your phone? Why or why not?
What do you think are the most important criteria in choosing which finance apps to use?
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's the average time to complete the Free Application for Federal Student Aid (FAFSA)?
Answer:
Questions:
What’s the benefit of completing the FAFSA?
Billions of dollars in federal financial aid are lost by not completing the FAFSA. What do you think are the challenges to completing this important form?
What is one question that you have about the FAFSA?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (Saving for College):
Filling out the FAFSA takes a lot less time than most people fear. It takes...
Question of the Day: Until what age can a child stay on their parents' health insurance?
Answer: 26 years old.
Questions:
There’s a misconception that young people don’t have to get insurance because they’re generally healthy and don’t need it. What’s one argument against this?
Do you think there is a cost to being on a parent's health insurance plan? If so, do you think a child's insurance is more/less expensive than their parent's health insurance?
Do you think this is a good policy to allow students to stay on their parent's health insurance...
Question of the Day: What percent of 18-24 year olds learn about personal finance from social media?
Answer: 38.8% including TikTok, YouTube or other social media outlets, like Twitter or Instagram
Questions:
Other than the lessons you learn in school, where else do you learn about personal finance?
If you have learned some lessons from social media:
What was the best advice you received?
What was the worst advice?
How do you determine whether a source of information is reliable or not?
Click here for the ready-to-go slides for this Question of the Day that you can...
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