Question of the Day: What has happened to used car prices over the past year?
Answer: 21% increase
Questions:
Do you know anyone who has looked to buy a used car recently? What was their experience like?
Why do you think that used car prices have risen?
Is there a substitute available for consumers looking to buy cars?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (Consumer Reports):
According to the U.S. Bureau of Labor Statistics, used-car prices have jumped 21 percent since April...
Question of the Day [LGBTQIA+ Pride Month]: What action does ""Bad with Money"" podcast host Gaby Dunn recommend to better your financial habits?
Answer: "Go through your bank statements!"
Questions:
What are bank statements and what can you learn from them?
Like Gaby Dunn, have you ever kept track of your spending habits and transactions? How did you feel when reviewing them?
What are other actions could you recommend to a friend who wants to better their financial habits
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: Which U.S. cities had the largest housing rental price increase in 2020?
Answer:
Las Vegas, NV: 45.6%
Buffalo, NY: 41.8%
Scottsdale, AZ: 36.8%
Questions:
What has caused the rental prices to increase in these cities during 2020?
Would the cost of housing and rental prices affect where you decide to live? Why?
How might an increase or reduction in housing rental prices affect a decision to pursue homeownership?
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: Over a recent 20 year period, what percent of pros investing in large companies "beat the market?"
Answer: 94% of investment pros underperformed (see below), so 6% outperformed.
Questions:
Why do you think investing professionals struggle to "beat the market?
Why do you think investors continue to invest their money with professionals despite their record of not being able to "beat the market?"
Your friend says "you are better off investing with professionals instead of buying a simple index fund (e.g., S&P 500) that matches the market return." Do you agree or disagree based on...
Question of the Day [Updated]: What's the new interest rate on federal student loans for the 2021-22 school year?
Answer: 3.73% (vs. 2.75% for 2020-21 school year)
Questions:
How do you think this interest rate compares to the interest charged on credit card debt?
Average student debt is around $30,000 for college graduates. At current interest rates, roughly how much in interest would be paid over the life of a 10-year student loan? Here's a loan calculator to help with the math.
Click here for the ready-to-go slides for this Question of the Day that you can use with your...
Question of the Day: Which U.S. cities gained/lost the most inhabitants during 2020?
Answer from USPS Change of Address Requests:
Questions:
What factors impacted the movement of people during 2020?
Where do you think the cost of living is higher? Explain your answer.
Has the last year influenced your decision of where you would like to live in the future? How?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (MyMove):
"According to USPS data, big cities lost the most...
Question of the Day: Which age group has seen the greatest increase in jobs in 2021?
Questions:
Do you plan on working this summer? Your friends?
Are jobs as plentiful for teenagers as this article suggests? What do you think are the factors causing this?
Are you finding that jobs that are available to teens are also paying more per hour than they were before the pandemic?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (NY Times; sub required):
As companies try to go from hardly...
Question of the Day: What is the average amount of retirement savings for 20-29 year olds?
Answer: $15,000
Questions:
Why do you think it is so important to start saving for retirement at a young age?
Where do you think most people put their retirement savings: a savings account or the stock market?
When do you think that you will start to save for your retirement?
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):
You should think of planning for retirement as something you do...
Question of the Day (Update): How quickly do you need to report a stolen debit card to get all your money back?
Answer from Federal Trade Commission: Before any unauthorized charges are made.
Questions:
Do you know anyone who has had their debit card stolen? What happened?
Since there is a thriving market in cloned debit cards, what can you do to protect yourself if your account is hacked?
If you don't tell the bank about your card being stolen and your account is drained, is the bank required to pay you back after 60 days after your monthly statement is mailed to you?
Click here for...
Question of the Day: What do 98% of consumers do prior to buying a product?
Answer: Read online reviews
Questions:
Why do you think that so many people want to look at reviews before making a purchase?
Do you check online reviews prior to purchasing products? How do you know if reviews are credible?
Do you vary the amount of time you read reviews based on the cost of the item that you are looking to purchase?
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’s the real value of $100 in each state?
Answer from Tax Foundation:
Purchasing power (a.k.a. cost of living) becomes a critical consideration for students considering where they would like to live or even go to college. $100 will buy you a lot less if you attend college or live in New York City vs. rural Maine. This national map shows how purchasing power varies by state.
How to read this chart:
To better understand, imagine a store offering a range of goods and services, each for sale at the national average price for that...
Question of the Day: What percent of American families invest in the stock market?
Answer: 52.6%
Questions:
When do you hope to start investing in the stock market?
This data is from a 2019 Federal Reserve survey. Do you think more families have invested in the past two years?
This data shows that only 15% of families own individual stocks. Why do you think that most investors choose funds (indirect) which are collections of stocks rather than individual stocks (direct)?
Click here for the ready-to-go slides for this Question of the Day that you can use in...
Question of the Day: In 2020 (post-pandemic), _________ % of adults with a college degree felt ok financially while ______ % of adults with a high school degree felt ok
Answer: In 2020, 89% of adults with a college degree felt ok financially while 67% of adults with a high school degree felt ok with their financial situation.
Questions:
What do you think it means to be "ok financially?"
Why do you think there was such a difference in how people felt about their financial condition based on their education?
Do you think the importance of education will increase or decrease based in the future? Explain your answer.
Click here for the ready-to-go...
Question of the Day: What states saw the biggest decrease in average credit card balance in 2020?
Answer: Alaska and California with a decrease of 18%
Questions
What changes in credit card debt occurred in your state in 2020? What do you think were the causes of this decline in credit card balances?
How would you strategize to avoid carrying credit card debt if possible?
How would you budget to pay off debt, whether it's a credit card, student loan, car loan, etc?
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 [AAPI Heritage Month]: Who is the cofounder of the streaming data technology company currently valued at $4.5 billion that hosts Netflix?
Answer: Neha Narkhede
Questions:
As the technology that makes streaming possible, what are some of the ways that Neha Narkhede's work has impacted the world? How has it impacted you personally?
Neha started as a software engineer at LinkedIn and progressed through her career until she co-founded her own multi-billion dollar company. How are you inspired by her work and story?
What are ways that you have persevered in your own life to achieve your goals?
Click here for the ready-to-go...
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