Reading LIst for January 19-20
Advocacy
Looks like Financial Literacy is on the minds of state legislatures as they start their new sessions. Florida is the latest to consider a required course. (WPTV)
Personal Finance
Here is the most straightforward explanation I have seen as to why using your ApplePay™ (or other version) is the safest way to pay for things, after using cash, that is.(Kobliner)
This may not be news, but still worth mentioning that another survey has found most Americans could not handle a $1000...
2018 Holiday Reading List
Our holiday reading list is a bit longer than our usual list….it will have to last you two weeks! We hope you have a little down time to dig into some of the longer articles on the list. Enjoy your break and Happy Holidays to all!!!
Personal Finance
Experian reportedly will begin including utility payments in the credit score calculation, giving millions of people who only use debit cards a credit history/score. (WSJ)
With all of the changes in the tax laws for 2018, here is a...
FinCap Friday: Do We Have Your Interest Yet?
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Dec 20, 2018
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FinCap Fridays, Savings, Credit Cards, Student Loans, Stocks
The Federal Reserve hiked interest rates earlier this week which provided an awesome opportunity for a FinCap Friday focused on that event. How do the decisions of this august body percolate through the economy? Check out this FinCap Friday including Yanely's awesome explainer video to learn more:
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Looking for more FinCap Fridays? There's more where this came from! Check out the other seventeen here. ...
Interactive Monday: You Better Know The Difference Between Net vs. Sticker Price For College (and so much more!)
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....
The Skinny on Student Loans
The following blog post comes courtesy of NGPF Fellow, Deborah Kerby, of Tobyhanna Elementary Center in Pocono Pines, PA.
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During my 17 years teaching high school students, I observed that many considered taking out student loans to pay for college to be an expected part of life. Many of their teachers share this expectation. As an experienced personal finance educator, I believe it is important to show students that they have alternative options to assist them in paying for...
Question of the Day; What is the average cost of tuition and fees at public 4 year colleges in your state?
Answers will vary
Here's a link to the spreadsheet with the answer for each of the 50 states.
Questions:
How did you do with your guess? Did you under or over-estimate the average cost?
This question was about tuition and fees. What is another major cost for students going to college?
How does knowing the “correct” answer affect the way you think about college?
This research surveyed 9th graders. Do you think the results would be different if they surveyed 12th graders?...
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?...
FinCap Friday: Tuition, Fees, & Books, Oh My!
By Tim Ranzetta
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Sep 27, 2018
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FinCap Fridays, Paying for College, Student Loans, Question of the Day
In the second part of our two-part FinCap Friday series on colleges, we tackle the cost side of the equation and describe the various ways that families pay for college. Your students will walk away with tools to help them make this process a little less daunting:
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 current event and explaining why it matters to students...
Chart of the Week: Credit Profiles for 18-22 Year Olds
I love this chart from a recent Wall Street Journal article because it captures the state of credit for young people just getting started in building their credit history:
Questions:
What credit type is most prevalent among 18-22 year olds? 23-29 year olds?
Which type of loan has the highest balance for 18-22 year olds? 23-29 year olds?
At what age do you think you will have the following:
Credit card
Retail store card
Auto loan
Student loan
Which type of...
Question of the Day: How many Americans have over $1,000,000 in student debt?
Answer: 101
Hat tip to NGPF Fellow, James Redelsheimer of Robbinsdale Armstrong High School of Plymouth, Minnesota for providing today's Question of the Day.
Questions:
Did you think it was possible to have this much student debt?
Analyzing the graph on the previous slide, what types of degrees typically result in the largest amount of student debt?
Do you think someone with this much debt should be able to have some it forgiven by the government? Why or why not?
Click here for...
What I'm Reading This Weekend - July 7-8
By Beth Tallman
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Jul 06, 2018
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Current Events, Economics, Student Loans, Personal Finance, Retirement
Economy
This detailed Vox article explains what recent Supreme Court rulings at the end of this term mean for American business and the future of Antitrust. Economics nerds will enjoy the good examples of monopoly and monopsony here.
How do American workers fare compared to their counterparts across the world? Maybe not so well.
“Only Spain and Greece, whose economies have been ravaged by the euro-zone crisis, have more households earning less than half the nation’s median income...
Cartoons: A (Not So) Humorous Look at Student Loans
They say there is a little truth in all humor...
Questions:
What is the consistent theme running through all the comics?
How do you think student debt is affecting borrowers post-college lives?
Do a Google search to research online if there is evidence that student loans impact:
Relationships
Big-ticket purchases (e.g., auto loans)
Living arrangements (independent vs. living at home)
What are strategies you can use to prevent student loans from having such a dramatic impact on your life...
What I'm Reading This Weekend (June 30-July 1)
By Beth Tallman
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Jun 29, 2018
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Personal Finance, Economics, Student Loans, Current Events, Taxes, Credit Cards, Credit Scores
Economics
Here is an interesting, though depressing look at the employment trends and lack of upward mobility among workers in the lowest quartile.
The markets seem to be taking the impending trade war seriously this week.
Student Loans
Student debt forgiveness is good news. The bad news? Forgiveness comes with a tax bill.
Employers offering help repaying student loans to attract workers in a tight labor market.
Personal Finance
Taxes: Have you heard about the post card sized 1040? Here is...
Question of the Day: Do consumers struggle more with repaying mortgage debt or student loan debt?
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Jun 03, 2018
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Student Loans, Question of the Day, Paying for College, Mortgages
Answer Student loan debt. Student loans had a 10.7% delinquency rate (over 90 days past due) vs. mortgage debt which had a delinquency rate of 1.2% in 1Q 2018.
Questions:
What is the major difference between how a lender evaluates a consumer taking out a mortgage vs. how the government evaluates a student taking out a federal student loan?
What do you think happens if someone stops making payments on their mortgage? On their student loan?
Why do you think that more than 1 in...
What I'm Reading this Weekend......May 26-28
By Beth Tallman
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May 25, 2018
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Current Events, Personal Finance, Student Loans, Economics, Savings, Paying for College
A long weekend so the list and a couple of the articles are a bit longer.
Savings and Wealth
I plan to dig into this one more this weekend from an NYT opinion piece by the authors of a study on wealth inequality and families. (There is a link to their paper in the article, if you want to really take a deeper dive.)
Think having a million dollars in the bank makes you rich? Not according to bankers: bankers define rich as $25 million.
The number of 401k millionaires at the end of the first...
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