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 a good percentage to put into your savings account? 

 

Behind the numbers (American Payroll Association):

More than 93 percent of U.S. workers receive their pay by direct deposit, according to the 2019 “Getting Paid In America” survey.

 

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Let your students experience how to manage an online bank account with this NGPF Online Bank Simulation.

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About the Author

Mason Butts

After graduating from UCLA with a Master's in Education, Mason spent 5 years as a science educator in a South Los Angeles public high school. He is committed to supporting the holistic growth of all students and empowering them to live a life of relational, academic, and financial success. Now settled in the Bay Area, Mason enjoys facilitating professional developments and partnering with educators as they prepare students for a bright financial future. When Mason is not building curriculum or planning a training, he can be found cycling, trying new foods, and exploring the outdoors.