Question of the Day: What is the median grade that 13-17 year olds give themselves for their money management skills?
By Tim Ranzetta
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Sep 24, 2018
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Question of the Day, Behavioral Finance, Research, Personal Finance
Answer: B
Questions:
What grade would you give yourself for your money management skills? Explain your answer and the criteria you used to grade yourself.
What are some areas that you think you can improve? What steps can you take to make this happen?
Do you think most people are under or overconfident when it comes to their financial skills? 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 percent of high school seniors file the FAFSA to access college aid? [Updated]
Answer: 60.9%
Questions:
What is the other 39% of the student population missing out on by NOT submitting the FAFSA?
What are the top three reasons that you think so many graduating seniors do NOT file the FAFSA?
What percentage of graduating seniors do you think submit the FAFSA at your school? (You can find out here!)
Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (from Hechinger Report)
The completion rate for the...
FinCap Friday: Show Me the Money!
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Sep 20, 2018
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Paying for College, FinCap Fridays, Research, Current Events
It's that time of the year where seniors start to think more seriously about their post-high school plans. This week on FinCap Friday we focus on the question, "Is college really worth it?" In part one, Show Me the Money, of this two-part series, we analyze the research on the earnings potential of college graduates:
New to NGPF's FinCap Friday? It's a fun way to engage your students with current events and includes:
A five question Kahoot!
A 90 second video providing details about the...
Question of the Day: What percent of 18-24 year olds anticipate using a bank branch in the next two years?
By Tim Ranzetta
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Sep 19, 2018
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Question of the Day, Checking Accounts, Chart of the Week, Research
Answer: 87%
Questions:
How would you have answered this question? Explain your answer.
What was the percent of students in your class who expect to go to a bank branch? How does it compare with the results for 18-24 year olds?
If you have been to a bank branch recently, what did you do there?
What do you think the bank branch of the future (5-10 years from now) might look like?
Click here for the ready-to-go slides for this Question of the Day that...
Question of the Day: What's the average annual car insurance rates for a 16 year-old driver with their own policy?
Answer: $6,930
Questions:
Why do you think that 16 year olds have such high car insurance premiums?
What other factors, other than age, do you think that car insurance companies take into account when setting premiums?
If you currently drive and have your own insurance or are on your parent's/guardian's policy, do you know what the cost is?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the...
Interactive Monday: What's the Level of Education in Your County?
By Abby Alcala
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Sep 16, 2018
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Chart of the Week, Current Events, Research, Interactive, Parent Conversations, Paying for College
This week's interactive comes courtesy of Overflow Solutions and provides a county-level look at educational attainment.
This tool allows users to compare educational attainment of every county against other counties, the states, and the nation overall. The default is set to Los Angeles, CA and Cook County, IL, but if your students are on a desktop, they can easily adjust to view data from different counties and states. Here's a few notes about the interactive:
The data is collected from...
Question of the Day: What is the #1 long-term financial goal for young people (ages 16-25)?
Answer: Owning a home.
Questions:
What is your #1 financial goal?
Do you think the financial goals of a 16 year old will differ from those for a 25 year old? Explain.
Do you believe that goal-setting is an effective strategy in achieving what you want out of life?
What goals have you set in the last 12 months and what have been the results?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the...
Question of the Day: What's the #1 predictor of career success?
Answer: Having an open network
The more open your network the higher your relative performance.
Describe the networks that you are currently part of.
Do you think of yourself as open or closed when it comes to your various networks? Explain.
The writer describes Steve Jobs (founder of Apple) as an example of how an open network can lead to incredible success. How is the iPhone an example of a product that benefited from Job's open network and his ability to draw from different...
Question of the Day: What's the average age of founders of the highest growth start-ups?
Answer: 45
Questions:
Why do you think most people assume founders of high growth companies are in their 20s?
What advantages does a middle-aged entrepreneur have compared to a 22-year old founder?
What types of businesses do you think a 22-year old founder might be better starting compared to someone in their 40s?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (Kellogg School of...
Interactive Monday: Who's Been Working in America? A 50-Year Analysis
While a bit dated (2011), this interactive demonstrates the tremendous changes that have taken place in American jobs over the past 50 years. It's also a really creative approach to displaying this data that econ, personal finance and math teacher alike will enjoy working into their lessons.
Here's what you see when you go to this visualization:
Some orientation about how to utilize this interactive:
You can toggle between SECTOR, GENDER and AGE (upper left of the chart)
The slider bar...
Question of the Day: What percent of employees get paid holidays as a benefit?
Answer: 76%
Thanks to NGPF Fellow Brian Page (listen to his podcast here) for sending along this very timely idea on Labor Day.
Questions:
Do you think paid holidays are a valuable employee benefit? Explain.
What types of jobs do you think offer paid holidays as a benefit?
What do you think are the holidays that companies typically pay for?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the...
Question of the Day: What percent of American households have a pet?
Answer: 68%.
Questions:
Do you have a pet currently? Have you ever had a pet?
What do you think are the annual costs to have a pet, such as a cat or dog?
Would you ever consider buying pet insurance to help cover potential vet expenses for a pet?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (National Pet Owners Survey):
Sixty-eight percent of U.S. households, or about...
Question of the Day: What percent of high school students want to start their own business?
Answer: 72%
Question:
Do you want to start your own business? Why or why not?
Do you have any friends who have already started a business? Explain.
Do you think entrepreneurship ("starting a business") is something that you are born with or can be taught?
Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind the numbers (Wall Street Journal)
A 2014 study from the consultancy Sparks & Honey...
Question of the Day: How long does it take to establish a credit history?
Answer: 3-6 months
Questions:
What questions would you ask a stranger who wanted to borrow money from you?
Those questions match up well with what is captured in a credit report.
In your own words, what do you think a credit history is?
Why do you think it might be important?
Who might be interested in your credit history?
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: 82% of employees receive their paycheck via: a) Cash b) Direct Deposit c) Check
Answer: Direct Deposit
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?
Here's the ready-to-go slides for...
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