Question of the Day: What percent of teens say brand is most important when making a purchase?
By Tim Ranzetta
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Nov 11, 2018
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Question of the Day, Behavioral Finance, Budgeting, Research, Current Events
Answer: 45%
Here's a video that explores the brain science behind why we love brands (from NGPF Video Library)
Questions:
With what purchases do brands matter most to you? All purchases, only some or none at all?
What are your favorite brands? Can you explain what you think these brands say about you?
Why do you think that teens, in particular, tend to have the strongest affinity to brands?
Optional: What are two takeaways you got from watching the video?
Click...
Interactive Monday: How does life expectancy vary by neighborhood?
The Robert Wood Johnson Foundation has an interactive that allows a user to type in their home address (info not stored by the site) and find out their life expectancy. I typed in the address for my hometown in New Jersey where I lived the first 22 years of my life and here's what I found:
Here's how I thought you might use this in your classroom:
Have students type in their home address including zip code.
How does the life expectancy of "My area" compare to the county, the state and the...
FinCap Friday: Who's Calling?
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Nov 08, 2018
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FinCap Fridays, Financial Scams, Identity Theft, Research
Have you noticed an increase in spam calls to your phone? We have too, which is why we decided to focus on it this week in our FinCap Friday segment. Not only are they annoying but they cost consumers billons every year. Yanely provides some sage advice on what to do when that spurious call comes in:
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Did you know that more than $100,000 in cash prizes are available through NGPF's PAYBACK Challenge? Read the details here but please hurry as the deadline is just days away!...
How Teachers Use NGPF: A Month In the Life of the NGPF Website
By Tim Ranzetta
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Nov 06, 2018
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Research, Teaching Strategies, Personal Finance, Interactive, Activities, Paying for College
A huge thank you to educators who have shared their excitement about our website and PD offerings to their colleagues. You have helped us expand our impact as we have added over 10,000 teachers to our platform in just the last 12 months. The largest source of new teachers: "word of mouth." This allows NGPF to spend less on marketing our services and more on serving teachers with FREE curriculum, PD and advocacy efforts.
This jump in teachers has translated to tremendous growth with our...
Chart of the Week: Which social media site has strongest "reciprocity" with other sites?
Interesting chart showing the linkages among users of social media platforms (from Pew Research); great data table to build analytical and critical thinking skills using a topic that engages your students:
Note: Reciprocity between websites refers to the percentage of users of one site using another website. In the chart above, 27% of Facebook users also use WhatsApp (which curiously is owned by Facebook).
Questions:
Which two social media sites have the strongest linkage (or...
Question: What percent of Americans between the ages of 21-37 think they will be millionaires?
Answer: 53%
Here's how much you need to invest monthly (and earn 7% annually) to get to $1 million:
Questions:
Is this a financial goal of yours? Do you think it's healthy to have financial goals like this? Explain.
Why do you think that most people fall short of achieving this type of goal? What hurdles stand in the way?
Do you think that investing $500/month will be difficult when you have a full-time job? Explain.
A friend asks you what you think are three key factors to becoming a...
Question of the Day; What percent of teens expect to work part-time while in college?
By Tim Ranzetta
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Oct 28, 2018
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Question of the Day, Paying for College, Employment, Research, Current Events
Answer: 58%
Questions:
Do you plan to work part-time while in college? If so, how many hours do you want to work?
If you don't plan to work part-time while in college, what jobs/internships do you want to pursue during the summer?
How much do you want to save from your part-time job/internships?
What do you think is the optimal number of hours for working a part-time job without impacting your studies?
Click here for the ready-to-go slides for this Question of the...
Interactive Monday - Where we came from and where we went
Today’s Interactive Monday is all about migration. The New York Times uses census data to chart how Americans have moved between states since 1900. The data is sorted state by state with a button to switch between emigration and diaspora views.
In migration mode you can see where the people living in a particular state were born - this chart answers the question “where do the people living in California come from.”
In diaspora mode you can see percentage of people...
Question of the Day: Who is more likely to buy a home: a 25-30 year old with no student debt or one with more than $50k in student debt?
By Guest Post
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Oct 24, 2018
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Question of the Day, Student Loans, Mortgages, Research, Chart of the Week
Answer: 25-30 Year Old with $50K in student debt
Hat tip to NGPF Fellow Brian Page for sharing this awesome Question of the Day and chart below that he has used successfully in his classroom.
Questions:
Overall, what has been the trend with all 25-30 year olds buying homes since 2005? What might explain this? [Hint: What happened in 2008-09?]
Why do you think that 25-30 year olds who are current with $50K in student debt buy homes at greater rate than those with no student debt?...
Question of the Day: What does financial security mean to you?
By Tim Ranzetta
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Oct 21, 2018
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Question of the Day, Financial Literacy, Personal Finance, Investing, Research, Current Events
Answers: Will vary
Listen to what financial security means to a cross-section of Americans in this Marketplace podcast (listen from 2:30-5:45)
Questions:
How will you know when you have achieved financial security as an adult living on your own? When do you hope to achieve this?
What are the different definitions of financial security that you heard on the podcast? Does it surprise you that people can have such varying definitions of what it means to be financial secure?
What...
Question of the Day: A YouTuber with over 1.4 million views a month can expect to earn about _____________ in monthly income.
Answer: $1,400
Questions:
Have you or any friends created a YouTube channel and built an audience?
3% of YouTubers get 90% of YouTube views. What do you think demonstrates about popularity on the internet?
How do you decide what to watch on YouTube? How do you find about popular videos that might be of interest to you?
Do you think $1,400 a month is enough for an independent adult to live on?
Here's the ready-to-go slides for this Question of the Day that you can use in your...
Chart of the Week: How good of an investment is real estate?
By Tim Ranzetta
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Oct 17, 2018
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Investing, Question of the Day, Chart of the Week, Mortgages, Research
Hat tip to A Wealth of Common Sense blog for this awesome data distilled from Case-Shiller/FRED index of home prices:
Notes:
Positive is number of years that home prices rose in the period 1987-2018
Negative is the number of years that home prices declined in period 1987-2018
Biggest gain is the largest gain in home prices on a year-over-year basis.
Biggest loss is the largest loss in home prices on a year-over-year basis.
Annual Gains is the average annual gain in home prices over this...
Question of the Day: What is the length (in minutes) of the average commute?
Answer: 26 minutes
Questions:
Why do you think the average length of commute has risen by 20% between 1980 and 2016?
How important is the commute for you when it comes to looking for a job? Explain.
Other than time, what are the additional costs of commuting?
What do you think is the relationship between commute length and rental cost (for an apartment)? The shorter the commute to work...the ____________ the rent. Explain.
Here's the ready-to-go slides for this Question...
Question of the Day: What's the median hourly wage for an UberX driver?
By Tim Ranzetta
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Oct 15, 2018
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Entrepreneurship, Question of the Day, Career, Research, Employment
Answer: $14.73
Questions:
What are the factors that lead to such wide variations in median hourly wages between cities?
What costs would an Uber driver incur which would reduce their hourly income?
Do you think these median figures have been increasing or decreasing compared to three years ago? Explain your answer.
Uber now has over 2 million drivers globally. What do you think attracts them to drive for the company?
Here's the ready-to-go slides for this Question...
Question of the Day; What percent of 18-29 year olds have a primary care doctor?
Answer: 55%
Questions:
In your own words, what is a primary care doctor?
Do you think that having a primary care doctor is important? Why or why not?
For the 45% of 18-29 year-olds that don't have a primary care doctor, who do you think they turn to when they have a health problem?
Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (Chicago Tribune):
A national poll of 1,200 randomly selected adults...
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