Category: Question of the Day

Question of the Day: What's the average lifespan of a toy fad?

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Dec 13, 2017
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Question of the Day, Behavioral Finance, Budgeting
Answer: About 8 months before it gets marked down With the holiday season upon us and the Fingerling in short supply, I thought the answer to this question was instructive in making me think that perhaps it may not last for long. From NY Times article: The $84 billion global toy industry is struggling for the attention of children obsessed with smartphones and tablets. Global toy sales have been growing each year, but at a slower pace than video games. The average life span of a toy fad is about...

Question of the Day: What's the average 401(k) balance for Americans?

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Dec 12, 2017
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Investing, Research, Retirement, Question of the Day, Current Events
Answer: $100,000 From Bloomberg (subscription): Questions: Do you think that $100,000 is enough of a "nest egg" for retirement? I know it is a long, long, long way off but how much do you think you will need to save for a comfortable retirement?  Is it better to start investing when you are young or to wait until you have the basics like a car and house taken care of before first? ----------- Here's the ready-to-use slides for this Question of the Day for your classroom. ------------...

Question of the Day: What percent of Starbucks transactions come from mobile phones?

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Dec 11, 2017
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Checking Accounts, Payment Types, Question of the Day, Research
Answer: 30% From Visual Capitalist:  Here's another fun fact: Starbucks has over $1.2 billion in deposits loaded on Starbucks cards (from MarketWatch), more than many banks: ----------- Here are ready-to-use Question of the Day slides to use in your classroom.  ----------- Questions for students: Have you ever used your mobile phone to make payments? Describe the transactions you have made. What are the advantage of using your mobile phone for payments? Do you think it's easier to...

Question of the Day: Are inventors born or made?

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Dec 10, 2017
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Entrepreneurship, Question of the Day, Research, Current Events
Answer: New research finds that surroundings matter more than genes.  Here are excerpts from the Economist article about this ground-breaking research "Who Becomes an Inventor?": Inventors come from all walks of life: "ARE inventors born or bred? Using tax, patent and academic records, a new study by a quintet of economists follows the lives of 1m American inventors in exceptional detail, including their parental circumstances, the neighbourhoods they grew up in and the colleges they...

Question: What percent of Gen Z (14-21 year olds) have a payment app on their phone?

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Dec 05, 2017
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Checking Accounts, Research, Question of the Day, Survey Results
Answer: 48% Continuing on the theme of Gen Z financial behaviors, we found the answer to this question from the research firm, The Center for Generational Kinetics. Here were some additional interesting findings about their relationships with banks: Banks may be one of the major legacy institutions that will have to adapt in order to best fit Gen Z. The good news is that Gen Z is showing that they are taking responsibility for their financial situation, or they are at least aware that money and...

What One Financial Habit Leads ToThe Highest Levels of Financial Well-Being?

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Dec 03, 2017
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Savings, Question of the Day, Research
Answer: Saving Simple message for students reinforced by this research data from CFPB: Want to feel financially secure? Develop savings habits early! Chart from CFPB's Financial Well-Being In America report: Questions: Between what levels of liquid savings is there the greatest differential in financial well-being? How much of a difference does having a friends/family safety net make to in one's financial well-being? Why do you think this is the case? What financial situation/statement leads...

Question: How much money is there in the world?

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Nov 28, 2017
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Economics, Question of the Day, Research, Savings, Chart of the Week, Stocks, Investing, Current Events
Answer: It depends on how you define money. From $7.6 trillion (physical currency) to $90 trillion (broad money).  This audio and infographic below are great ways to bring the concept of money to life and also help provide context to the size of the various markets and the U.S. position relative to the rest of the world.  Audio from Marketplace (hat tip to Sonia; duration, 3:19):  Questions:  What type of money is included in M0 (zero)?  What is included in the term...

Question of the Day: What percentage of U.S. mutual fund assets are in index (or passive) funds?

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Nov 27, 2017
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Investing, Question of the Day, Stocks, Mutual Funds
Answer: 42% From LA Times: More from the LA Times: These “passively managed” or “index” funds have delivered as they said they would — and have shamed many “actively managed” U.S. stock funds, the majority of which over the long run have failed to exceed or match the average market return after deducting their fees. Passive funds were relatively slow to catch on with individual investors in the 1980s and ’90s. But over the last few years,...

Infographic: How does influence work on social media?

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Nov 27, 2017
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Question of the Day, Purchase Decisions, Advertising
A good question to ask students to get the conversation started about how social media is influencing their buying patterns.  How does influence work on social media (from Visual Capitalist, which has an awesome infographic explaining this phenomenon): Power users who create a lot of content and amass thousands – even millions – of fans on a platform find themselves in a unique position. Their influence is worth something more tangible than likes; it’s worth some serious...

Question of the Day: Which company is the largest employer in the most states?

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Nov 26, 2017
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Career, Question of the Day, Research, Current Events
Answer: Wal-Mart From Visual Capitalist:  ...

Question of the Day: What's the average cost of a Thanksgiving dinner for ten?

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Nov 21, 2017
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Budgeting, Current Events, Question of the Day, Research
Answer: $49.12 From Marketplace: Thanksgiving dinner is cheaper this year — but you might not be feeling it. The American Farm Bureau Federation pegs the average cost of a Thanksgiving feast at $49.12, a five-year low. The Federation has been doing price surveys on the same list of groceries for 32 years now, tracking the average cost of a modest, traditional meal for 10. And in case you wanted all the details: Here's the full shopping list, along with this year's average...

Question of the Day: What percent of Americans pay professionals to prepare their tax returns?

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Nov 20, 2017
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Taxes, Question of the Day
Answer: Over 50% With all the talk of tax reform in Washington these days, I wondered how the answer to this question might change in light of the dramatic changes expected to our existing tax code.  From Taxpayer Advocate Service (of Internal Revenue Service):  “More than half of individual taxpayers pay professionals to prepare their returns, and roughly 40 percent use tax software to assist them, with leading software packages typically costing $50 or more.”...

Question of the Day: What's the average credit score needed to rent an apartment?

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Nov 19, 2017
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Credit Scores, Question of the Day, Budgeting, Research
Answer: 650 From Rentcafe study:  "Rental applicants approved for an apartment in 2017 had an average credit score of 650, is the conclusion of our most recent study based on tenant screening data from RentGrow. Meanwhile, those that ended up on the rejected list had an average score of 538." Even more interesting is how the average credit score varies so dramatically based on location. Here's the ten most difficult markets to rent an apartment, based on the average credit score for...

Question of the Day: What is the most popular shopping website for teens?

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Nov 16, 2017
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Purchase Decisions, Question of the Day, Current Events, Budgeting, Research
Answer: Amazon  From Piper Jaffray Teen Survey:  Questions: Do you shop online at all? If so, what is your favorite website? Are there items that you refuse to buy online? Why?  Amazon has such a commanding lead over other websites, why do you think so many teens choose Amazon for online shopping? ---------- Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. ----------------- Looking for an article that describes the...

Question of the Day: What is the most valuable U.S.-based company?

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Nov 15, 2017
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Investing, Stocks, Question of the Day, Research, Chart of the Week
Answer (as of 11/15/17): Apple From Visual Capitalist comes this fascinating chart of top 10 companies over the past 100 years: Questions: Compare the largest companies from 1917 to the largest companies in 2017: Are there any companies that that stood the test of time and appear in both lists? Does this surprise you? How has the industry composition of these two sets of companies changed over the past 100 years?  You see a newspaper article noting that there is a concentration of...

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