Category: Research

NGPF Podcast: Tim Talks To Fidelity's Kelly Lannan About The 2018 Millennial Money Survey

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Dec 21, 2018
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Podcasts, Investing, Research, Behavioral Finance
 Who knew that Kelly Lannan, collegiate musician and ice hockey captain extraordinaire, would find her calling in financial services? Kelly shares that a career in finance wasn't on her mind as she collected her diploma on graduation day. Yet, today as the Director of Young Investors at Fidelity, Kelly engages with college students and inspires them to plan for their futures today. Find out the myths that her team busted in their Millennial Money Study (there are several!). Listen...

Question of the Day: What is the most popular finance app in the IOS (iPhone) Store?

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Dec 19, 2018
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Question of the Day, Checking Accounts, Research, Teaching Strategies, Payment Types
Answer: Cash App (Square) From App Annie (December 12th 2018) Questions: How comfortable are you using financial apps on your smartphone?  How many of these apps do you currently use? plan to use in the future?  How would you group these apps into different categories?  Are there any financial apps not listed here that you use?  Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (Motley Fool)...

Interactive Monday: How Much Will You Pay Over Your Lifetime In Banking Fees?

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Dec 16, 2018
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Interactive, Checking Accounts, Research
It's easy to lose track when you are getting nickeled and dimed every month with a non-network ATM fee here or a monthly maintenance fee there or even that dreaded overdraft fee. Have you ever pondered that depressing thought of what that might amount to over a lifetime? This interactive from NerdWallet does that very analysis, by calculating the bank expenses one would pay over a lifetime based on a certain set of assumptions about the cost of various fees and the number of occurrences. ...

Question of the Day: What financial habit do almost 2 out of 3 senior citizens wish they had done more of when they were younger?

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Dec 11, 2018
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Question of the Day, Savings, Research, Behavioral Finance
Answer: Save money Questions: Why do you think so many seniors wished they had saved more? Without savings, what income does a retired senior citizen have to live on?  Are you a good saver? If not, do you have any ideas that can help you become one?  Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (National Bureau of Economic Research): We asked persons aged 60 to 79 whether, if they were given the chance to...

Question of the Day: What percentage of Americans have NOT shopped around for auto insurance for two years or more?

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Dec 09, 2018
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Question of the Day, Insurance, Research, Behavioral Finance
Answer: 48% Questions: What types of items do you shop around for before making the purchase decision? What types of items do you NOT shop around for before purchasing ? Why do you choose not to find other prices for these items? What are ways that you can compare prices for auto insurance policies?  If you were told that you could save $400 a year if you shopped around for auto insurance, would you do it?  Here's the ready-to-go slides for this Question of the Day that...

Interactive Monday: Poverty Rate by State

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Dec 09, 2018
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Interactive, Budgeting, Research
Thanks to Beth Tallman for pointing out this interactive map from Overflow Solutions: Orientation: Color: Blue is lower poverty and orange/red is higher poverty rate Graph on right tracks the individual state poverty rates from 2009-2017 The U.S. map also tracks data from 2009-17 allowing students to see the time series unfold Questions: Use this resource to discover how these poverty rates are determined. In your own words, what does it mean to live in poverty?  How have the poverty...

FinCap Friday: Speeding Into the Future

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Dec 06, 2018
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FinCap Fridays, Budgeting, Current Events, Research
Have you seen those driverless cars in your neighborhood? If they are not there yet..they will be soon! This FinCap Friday is sure to engage your students as they learn about the technology behind autonomous vehicles and the ethical issues that will arise from their use. Explore with your students whether this is a technology they will adopt quickly or will they take a "wait and see" approach. Will their generation have a different perspective on whether you need to "own a car." We'd love to...

Chart of the Week: How have family budgets changed over the past 100 years?

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Dec 05, 2018
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Chart of the Week, Budgeting, Research
From The Atlantic:  Hat tip to Sonia from the NGPF team for pointing out this informative article from the Atlantic. Here's how it described life in 1900:  In 1900, seen from perch of the Bureau of Labor Statistics -- which counts national jobs, income and spending -- the United States is like one big farm surrounded by a cluster of small factories. Almost half of the country works in agriculture. As for the budding services economy: There are more household servants than sales...

Question of the Day; What is the preferred method of communication for 13-17 year olds? Social media, texting or in-person?

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Dec 05, 2018
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Career, Question of the Day, Research, Chart of the Week
Answer: Texting Questions: What is your preferred method of communication? Explain. How do you think these percentages will change by 2023?  What are situations where in-person communication might be more effective than texting or social media?  Do you think these preferences will impact communication patterns in the workplace in the future? Explain.  Here's 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 GPA is required to earn a Good Student Discount on an auto insurance policy?

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Dec 03, 2018
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Insurance, Question of the Day, Research
Answer: 3.0 Discounts vary by insurer: Questions: Why do you think that most automobile insurers offer discounts based on good grades?  What else might you want to know about a high school student before providing them with an auto insurance policy?  Why do you think that the insurers seem to offer such varying good student discounts? Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (Value Penguin): As you...

Question: How many times were baby boomers unemployed between the ages of 18-48?

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Dec 02, 2018
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Savings, Career, Question of the Day, Research
Answer: 5.6 periods A great question demonstrating the importance of having an emergency savings account.  Questions: What do you think are some of the reasons that people have periods of unemployment? Do you think it's easier to be out of work when you are in your 20s or 40s? Explain. How do people support themselves when they don't have a job?  What do you think are steps that you can take to reduce the odds that you are out of a job?  Here's the ready-to-go...

Interactive Monday: You Better Know The Difference Between Net vs. Sticker Price For College (and so much more!)

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Dec 02, 2018
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Paying for College, Interactive, Research, Student Loans
Thanks to NGPF Fellow Amanda Volz for passing along this great resource called TuitionTracker. It's easy for your students and their parents to pick up on the high cost of college. Headlines trumpet colleges that have now crossed the $70,000/year threshold. What is less understood is the fact that on average private colleges are now almost discounting tuition by 50%. Of course, 50% off a $40,000 sticker price is still $20,000/year which is challenging for most of your students. But I digress....

Question of the Day: How much has TV watching among 18-34 year olds dropped since 2014?

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Nov 28, 2018
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Budgeting, Question of the Day, Research
Answer: 37% decline from 26.4% in 2014 to 16.8% in 2018.  Questions: How do you think these percentages would compare with high school students? What are the other choices that young people are flocking to instead of TV? What implications do you think this has for the cable companies? For your budget?  Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (USA Today):  Younger viewers are fleeing TV at an...

Question of the Day: Can you name ONE of the three fastest growing U.S. cities, as measured by number of new residents who came between 2016-17?

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Nov 27, 2018
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Question of the Day, Budgeting, Research
Answer: San Antonio, Phoenix and Dallas. Here's the top 5 (from Census Bureau): Questions: What are the reasons that people decide to move to a new city? Name at least three.  What do you think happens to the housing situation in a fast-growing city? What do you anticipate would happen to costs to rent an apartment or buy a new home? Explain.  Do you anticipate moving to a new city post-high school or after college? Why?  Click here for the ready-to-go slides for...

Interactive Monday: How Do Home Values Compare to Incomes In Your County?

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Nov 25, 2018
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Interactive, Budgeting, Mortgages, Current Events, Research
Data visualization provides a county-by-county view on housing affordability. Here's the map of the U.S.: First, a little orientation. The map is color-coded based on the calculation of median home value divided by the median household income. As an example, here's Crook County, Wyoming:  The higher the ratio, the lower the housing affordability. In terms of the color-coding, blue is more affordable while orange-red is least affordable.  Questions: What housing affordability trends...