May 21, 2019
Question of the Day, Behavioral Finance, Retirement, Investing, Insurance
As you think about leaving high school, what would be your top money worry?
How do you think your parents/guardians would answer a question like this?
What are steps that a person can take to reduce their worries when it comes to the first three items on the list?
How much do you think these answers would change during a recession (we are currently in the midst of an ongoing economic expansion)?
Here's the ready-to-go slides for this Question of the Day...
May 10, 2019
Investing, Stocks, Advocacy, Credit Cards, Mortgages, Retirement
We will start with Investing this week because this week's biggest news is today’s Uber’s IPO. Here is all you need to know about the one of the largest IPOs! (NYT)
Uber was priced at $45/share--the “low end,” and keeping the valuation at $82B, well below the expected $100B. Looks like “low end” wasn’t low enough. Watching CNBC Squawk Box as the market was “building the book” before the first trade was fascinating as the...
May 03, 2019
Economics, Paying for College, Insurance, Investing, Retirement, Current Events
The jobs numbers were released today. 263,000 jobs were added and unemployment is now measured at 3.6%, a 49-year low. The NYT just published a primer explaining how this is measured.
A second NYT article explains why it has taken so long for wages to rise in the recovery, and which sectors are experiencing the most wage growth.
Paying for college
Apparently states in search of educated folks to fill jobs are offering assistance with student loan debt as a lure. (WSJ)
Apr 19, 2019
Financial Literacy, Career, Investing, Behavioral Finance, Payment Types, Retirement, Current Events
NGPF is in this list of quality free curriculum (and training) for personal finance teachers—no excuse for not being prepared!(Marketwatch)
Need some inspiration this weekend? Read this Marketwatch piece about Troy Murphy’s pursuit of spreading financial literacy. NGPF fellow Kerri Herrild’s Giving Project and Daniel LaSalle’s Philly Financial Cooperative are the beneficiaries of Troy’s work. Then listen to the podcasts Tim has done with all...
Feb 22, 2019
Financial Literacy, Behavioral Finance, Budgeting, Career, Paying for College, Investing, Retirement, Taxes
“Five Things High Schoolers Need To Know More Than Computer Science” from (Forbes). We all know what one of those things is!!!
The costs of being a woman: Why women end up with less money. (Beth Kobliner)
An interesting series of charts from Visual Capitalist shows where the breakdown of investments in 2018
Lyft has not become a verb like “Uber” has, but it looks like they will beat Uber with its IPO. (CNBC)
Feb 18, 2019
Interactive, Retirement, Investing, Index Funds
We all know how difficult it is to get kids to think about investing for retirement but also know how important it is to convince them to start investing ASAP given their youth and the magical powers of compound interest. So, what's the hook? What young person doesn't dream of retiring early which is kind of ironic given that many of them have these thoughts before they even have their first job. Stay with me. This focus on early retirement, which has gained more prominence recently with the...
Feb 15, 2019
Personal Finance, Budgeting, Paying for College, Taxes, Retirement, Current Events
Valentines Day article: here is great pickup line: “Be my financially compatible Valentine?” (WSJ)
For those fans of “personal finance on a postcard” concept, here are the rules of thumb according to (Money Maven).
More on taxes from Michelle Singletary of the Washington Post, including what NOT to do if you find you owe the IRS money. (New tax laws > lower withholding > lower refunds, if any.)
Some fun celebrity facts to bring home the...
Feb 11, 2019
Just One Resource, Investing, Retirement
In this weekly blog post, the Curriculum team will highlight Just One Resource from our NGPF collection that maybe doesn't get the attention it deserves. Use it this week or bookmark it for later.
[The Resource] ROLEPLAY: Sign Up for a 401(k)
The Gist: Students play the role of a new college graduate who has to pick investments in their first ever 401(k)!
The Best Parts:
Students see how much money they have in their monthly budget to allocate towards...
Feb 01, 2019
Economics, Investing, Taxes, Retirement, Budgeting
A whopping 304,000 jobs were added in January, but December’s 312,000 was revised down to 222,000. Get all the details here: (NYT)
State Street basically invented the ETF, so why has its share of the ETF market steadily declined over time. (WSJ)
December market performance was the worst since the Great Depression, but January was the best in 30 years!!! Talk about volatility! (CNBC)
Do your budgeting lessons include covering hospital bills? These stats...
Jan 15, 2019
NGPF Fellows, Investing, Behavioral Finance, Retirement
The following blog post comes courtesy of NGPF Fellow, Brett Shifrin, of Gould Academy in Bethel, Maine.
Recently, a student captured the imagination of my class. It stemmed from a comparison of Money Market Deposit Account(MMDA) and Certificate of Deposits (CD). It was suggested that one of these accounts could be very useful for graduation gifts this spring.
One of my students, Phil, asked, “Mr. Shifrin, what would you do if you unexpectedly received $5,000?”...
Dec 07, 2018
Personal Finance, Retirement, Economics, Financial Scams
Two articles popped up on this topic this week based on a research paper by economists at the Fed: Millennials are bucking trends not because they don’t want the same things previous generations wanted, but because they can’t afford them. (WAPO) (The Atlantic)
Ever go into a fast food restaurant and find you can’t pay with cash? No problem, unless you don’t have a credit/debit card or smartphone. (NYT)
Financial scammers play on your emotions, among...
Nov 26, 2018
Retirement, Index Funds, Video Resource, Investing, Savings
Looking for ways to get your students thinking about retirement? Introduce them to the F.I.R.E. Movement! That is the Financial Independence Retire Early Movement.
Why do I think this movement is important:
It's a counter-narrative to our consumerist society by focusing on extreme savings. We read so many stories about maxed out credit cards, why not expose your students to tales of young people saving 60-70% of their income?
It helps students understand the concept of passive income and...
Nov 11, 2018
Research, Retirement, Behavioral Finance, Interactive
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...
Nov 02, 2018
Financial Literacy, Cryptocurrencies, Economics, Paying for College, Retirement, Insurance
A survey by Ipsos on behalf of MNT, Ltd reveals that apparently, Canadians need help with financial literacy education as well.
The Visual Capitalist depicts the US problem with financial literacy in pictures.
250,000 jobs added this month, unemployment at 3.7%, and wages starting to increase (NYT), so what’s the problem? The Opportunity Index answers that question, and Third Way breaks it down for you. It may be worth the half hour it will...
Oct 19, 2018
Paying for College, Investing, Economics, Retirement
Paying for College
The majority of this week’s articles happen to be related to paying for college: the cost of college, student loan forgiveness, financial aid and how parents pay for college. I have also included a link to Beth Kobliner’s website and her series on paying for college, which you could recommend to parents.
After reporting that the “sticker price” of college keeps rising, the WSJ explains that the REAL cost is not.
A study by Sallie Mae finds that on...