Category: Research

Question of the Day: In the 1950s and 60s about ____ in 10 Americans moved to new places while in 2019, ____ in 10 Americans moved.

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May 05, 2020
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Question of the Day, Budgeting, Career, Research
Answer: In the 1950s and 60s, about 2 in 10 Americans moved to new places while in 2019, 1 in 10 Americans moved. Questions: Has your family moved at all since you were born? If yes, how many times?  Why do you think that people move so much less than they did 60-70 years ago?  Given the current economic challenges, do you think that people will be more willing to move to find work? Do you think that young people (18-24) move at higher or lower rates than this national...

Question of the Day: Americans saved ____ % of their disposable income in March 2020, highest since ____.

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May 04, 2020
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Question of the Day, Savings, Research
Answer: Americans saved 13.1% of their disposable income in March 2020, highest since 1981. Questions: What do you think are the reasons that Americans are saved more of their income in March? Do you think this trend will continue in the next few months? Why or why not? Consumer spending makes up about 70% of GDP. What impact do you think a higher savings rate will have on an economic recovery? Click here for the ready-to-go slides for this Question of the Day that you can use with your...

NGPF Podcast: Carly Urban on her recent research showing positive impact of financial education

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May 01, 2020
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Podcasts, Research
  Details: 0:00~1:16 Introduction 1:16~4:19 Analysis of the causal effect of financial education 4:19~6:42 Discussion of interesting past studies regarding the effects of financial education 6:42~8:28 Why this study outweighs the results from the earlier studies 8:28~11:32 Considering the opportunity cost and return on investment from offering financial education classes 11:32~13:01 Measuring the return of teaching financial literacy 13:01~13:46 Examining the outcomes of improved...

Question of the Day: How many transfers or withdrawals can a savings account holder make in a month?

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Apr 26, 2020
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Savings, Question of the Day, Research
Answer: Unlimited (as of 4/24/20) Questions: Why do you think the Fed wants to give people greater access to their personal savings at this time? Most people have two accounts at a bank: a checking account and a savings account. Do you think that people think about these accounts differently in how they use them? Do you think it will be difficult for the Fed to change the rules back to only allowing 6 withdrawals per month from a savings account? Click here for the ready-to-go...

Question of the Day: What's the probability of an American coming up with $2,000 in case of an unexpected need in February 2020?

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Mar 17, 2020
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Question of the Day, Savings, Research
With talk of federal stimulus which including a $1,000 to every adult over the age of 18, this question collected from survey data in February measures the level of financial fragility pre-Coronavirus slowdown.  Answer: 71.6% Questions: What types of unexpected needs might cost $2,000? How do you think that most adults would manage $1,000 check from the U.S. Government at this time? What’s the best way to prepare for an unexpected expense?  How do you think this percentage...

Question of the Day [Updated]: What percent of tax returns are audited by the I.R.S.?

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Mar 10, 2020
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Question of the Day, Taxes, Research
Questions: Why do you think the percentage of returns that get audited is so low? Explain your reasoning. Why do you think that taxpayers are so afraid of being audited? Is their fear warranted? Do you think that low audit rates can contribute to more taxpayers "cheating" on their tax returns? Why or why not? Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (Accounting Today) Most taxpayers envision Internal Revenue...

QoD: What percent of the cost to drive a new car is the fuel cost?

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Mar 08, 2020
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Question of the Day, Budgeting, Research
Answer: 19% Questions: The largest cost element above is depreciation. Why do you think that a new car depreciates (or loses value) over time?  Changing the number of miles you drive will reduce your fuel cost. Will it change any of the other costs listed above? Insurance estimates are based on someone with 6 years of driving experience. Do you think the cost of insurance would be lower or higher for a teen just getting their license?  Here's that answer in earlier QoD.  The...

Question of the Day [Updated]: What is the average fee to take money out of a non-network ATM?

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Mar 04, 2020
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Checking Accounts, Question of the Day, Research
Answer: $4.72 This charge includes: Your bank’s fee AND Fee charged by ATM owner Questions: Did it surprise you that the charge includes TWO different charges? Why or why not? Did you know that there is a charge for taking cash out of an out-of-network ATM? Do you think most people who use ATMs that are out-of-network are aware of this charge? Why do you think there is a charge to use an ATM that is out-of-network? Click here for the ready-to-go slides for this Question of the Day that...

Chart of the Week: How have historical events affected the Dow over the past 120 years?

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Mar 03, 2020
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Investing, Chart of the Week, Research, Stocks
With the stock market last week undergoing its worst week since 2008, it's instructive to take the long view, the very long view. Here's a chart of the Dow Jones over the past 120 with historical events superimposed on the chart.    Questions: What historical event required the longest recovery time for the Dow Jones Industrial Average?  What historical event caused the last big drop in the stock market (before last week's decline)?  Find 2-3 historical events on the chart...

What data do Google and Facebook have on you? (Updated)

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Feb 28, 2020
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Research, Article
A reporter for the Guardian digs in to discover what personal data Google and Facebook are collecting on you. He describes the reaction many people will have to this: "Want to freak yourself out?" Here's just a sampling of what he discovered Google had on him: Location tracking Search history Advertisement profile  Apps you use Youtube history Data that can fill millions of Word documents The article provides links so you can discover what information is currently stored about you. You...

Question of the Day: Fill in the blanks. ______ % of Gen Z (18-24 year olds) have on average _______ credit cards with a median balance (amount they owe)  of _________.

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Feb 26, 2020
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Question of the Day, Credit Cards, Research
Answer: 33% of Gen Z (18-24 year olds) have on average 1.51 credit cards with a median balance (amount they owe) of $606.  Questions: What is the first word that comes to mind when you hear "credit card?" When do you think you will get a credit card?  If you have one already, when did you get it? How do you use it?  What do you think are some of the pros/cons of credit cards?  Click here for the ready-to-go slides for this Question of the Day that you can use in...

Question of the Day: What percent of active credit card accounts carried a balance in 2019?

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Feb 17, 2020
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Credit Cards, Question of the Day, Research
Answer: Questions: Why do you think that such a high percentage of people carry a credit card balance and pay interest rates over 20%?  When did you/do you hope to get a credit card? If you have one, what do you use it for?  What strategies can you use to prevent overspending on your credit card and paying lots of money in interest?  Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (Comparecards.com...

Question of the Day: What are the top five jobs that 15 year olds expect to be doing by the age of 30?

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Feb 16, 2020
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Question of the Day, Career, Research
Answer: Source: PISA study with responses from 600,000 15-year old students from 79 countries.  Questions: What job do you hope to be doing when you are 30 years old?  Which jobs listed above have the greatest difference between boys and girls?  Which do boys choose more girls?  Which do girls choose more than boys? Can you explain these differences?  Why do you think the top choices worldwide haven't changed much over the past 18 years since the last survey? ...

Question of the Day: How do 18-29 year old Americans spend their free time?

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Feb 03, 2020
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Question of the Day, Budgeting, Research, Current Events
Courtesy of Morning Brew (great daily newsletter to keep you in the loop with the world of finance!) Chose activity that Americans did more often in the past year: Go to a library // go to a movie theater Visit a casino // visit a museum Attend a live music or theatrical event // attend a live sporting event  Visit a zoo // visit an amusement or theme park Answer: Going to a library Visiting a casino Attending a live music or theatrical event Visiting an amusement or theme park...

QoD: What can save you the most when it comes to auto insurance: 1) Improving credit score 2) Driving a used car 3) Paying for policy in advance?

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Jan 19, 2020
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Question of the Day, Insurance, Research
Answer: Improve credit score by one tier can reduce auto insurance rates by 17% Questions: Why do you think that having a higher credit score (a measure of how you manage credit) would lower your car insurance rates?  Used cars also can help you save on your car insurance. Why do you think insurance companies give you a discount if you drive a used car?  If the average auto insurance policy is $1,502 (much higher for young adults), how much could you save (in $) if you raised your...