Date Filter: 2017/6/

Interactive: Auto Insurance Comparison Shopping

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Jun 29, 2017
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Insurance, Activity, Research, Current Events, Activities, Parent Conversations, Interactive
Hat tip to Talitha Oliveri for pointing out this auto insurance comparison site (we had been looking for one like this for years that didn’t require setting up an account!!!). Your students are required to enter the following information, which will help them understand the factors that impact insurance rates, and they receive actual quotes from leading insurance companies: Car information Type of car Leased vs. financed Purpose of vehicle Miles driven Anti-theft device (yes/no) ...

Not Your Typical Professional Athlete's Financial Situation...

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Jun 29, 2017
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Current Events, Video Resource, Article
Hat tip to Niko Lillios and Hari for pointing out these articles that don’t adhere to the typical story of the spendthrift professional athlete (as we see in ESPN’s 30 for 30 Broke in the NGPF video Library). We know young people look up to athletes, so how about changing showing some examples of successful athletes with good financial habits, including: Video: The Millionaire Pitcher that Lives in a Van (Vice Sports: 5:46) Hockey player shares the lessons he learned through...

Interactive: Is The Career That You Are Interested In Likely to Disappear?

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Jun 28, 2017
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Career, Question of the Day, Research, Current Events, Chart of the Week, Employment
Lots of insightful and sobering interactive resources on this topic of job automation (see here, here and here for additional NGPF resources on this topic). Here’s another from Bloomberg (hat tip to Hari of NGPF and Big Picture Blog): Quick orientation:  This chart is static, click on the Bloomberg link to use its interactive features X axis is the probability that job will be automated in the future Y axis is the average annual salary for a given job Size of bubble is number...

NGPF "Webbies" Recognize Teachers Devoted to Professional Development

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Jun 28, 2017
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Webinar, Featured Teachers, Professional Development
As we close the book on another school year, we wanted to recognize educators who committed to their own professional development through their participation in Next Gen Personal Finance (NGPF) webinars. Announcing our first NGPF “Webby” awards for those educators who participated in the most NGPF webinars over the past school year (Thanks to Sid Sharma, NGPF intern for this analysis). Each of the educators recognized below will be receiving a $100 Amazon gift card. And the envelope...

Chart: How Are Millennials Investing Their Money?

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Jun 27, 2017
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Chart of the Week, Question of the Day, Research, Personal Finance, Investing, Stocks, Current Events, Math, compound interest
Hat tip to The Reformed Broker for this thought-provoking chart which will get your students thinking about the importance of asset allocations: Questions for students: Note: Equities are synonymous with stocks, fixed income means bonds, think of cash as a savings/checking account and alternatives would be alternative investments like hedge funds or private equity. What are the top four assets that millennials are investing in? Now rank the assets from highest to lowest historical return....

Tempted to Play The Powerball Lottery? Try These NGPF Resources To Encourage Student Reflection.

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Jun 27, 2017
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Current Events, Activity, Behavioral Finance, Research, Purchase Decisions, Activities
I meant to post this earlier this month after the news of the $448 million Powerball Lottery winner from California: There is at least one winning ticket for Saturday’s $447.8 million Powerball jackpot, and California Lottery has confirmed that it was purchased in Southern California. The ticket was sold in Sun City in Riverside County, according to the lottery. It is unclear if there are winning tickets in other states. The numbers drawn were 32, 26, 20, 38, 58. The Powerball was 3....

Question: How Much Does Adding A Teen To An Auto Insurance Policy Increase The Premium?

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Jun 26, 2017
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Question of the Day, New Products, Insurance, Article
Answer (from NY Times; subscription): 78% or $671! More from the Times article: An annual analysis by insuranceQuotes.com, a rate comparison site, found that adding a teenager still increased annual premiums substantially, but the magnitude of the increase has been falling over the past few years. Adding a single teenager to a policy caused annual premiums to increase an average of 78 percent, or $671. But rate increases have been decreasing since 2013, when the average increase was 85 percent....

What Are People Reading on the NGPF Blog?

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Jun 26, 2017
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Behavioral Finance, Credit Cards, Investing, Savings, Checking Accounts, Current Events, Quizzes, compound interest, Cryptocurrencies, Retirement
Getting close to the end of June, so I thought it was worth checking our website analytics to see what new blog posts are garnering attention as the school year wound down in many parts of the country. Here are the top 5: What is Bitcoin and How Does Cryptocurrency Work?: A Primer; NGPF’s newest team member, Hari Vasu-Devan tackled this challenging topic by providing educators with information they can access when the inevitable student query comes, “Should I be investing in...

Before You Buy That Mutual Fund With That Star Manager...

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Jun 25, 2017
Interesting chart from The Economist (subscription) demonstrating why “past performance is not indicative of future results,” is such a truism in investment management. When S&P analyzed how the best performing (top quartile) active funds in a given year performed in future years, well, let’s just say, there wasn’t much persistence:  In fact, as the chart shows, about 25% of these “top performing” funds stayed in the top quartile the next year, less...

NGPF Podcast: Tim Talks To Marla Blow, CEO of FS Card, Inc.

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Jun 25, 2017
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Credit Cards, Credit Scores, New Products, Podcasts
I really enjoyed the recent conversation I had with Marla Blow who is not your typical credit card executive. She runs a start-up credit card company (FS Card, Inc.) focused on helping subprime customers get their “sea legs” to establish a positive credit history.  In a sense, she has been preparing for this role for her entire career. You will hear about her odyssey from modeling losses in credit card portfolios during  the Great Recession to signing on as an early team...

Question: Will You Own A Car in the Future?

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Jun 22, 2017
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Article, Question of the Day, Research, New Products, Purchase Decisions, Current Events, Chart of the Week
Interesting WSJ article (subscription) highlights how dramatically the concept of car ownership is changing in light of current ride-sharing trends and the potential for autonomous vehicles in the future. Here’s a graph that shows how new car buying has slowed dramatically among younger Americans: Other key points from this article (about a 5 minute read): 1/4 of miles driven may be through shared, self-driving vehicles by 2030: “Car ownership, for a long time, has symbolized...

Schools in the News

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Jun 22, 2017
Chatham teacher pockets $5K for ‘teacher excellence’ (News Windsor) Anneke Gretton from Chatham Christian School won in the John Rozema Award for Excellence in Secondary Teaching category, which also nets her a $5,000 prize. Gretton’s award was in part thanks to a Grade 11 math lesson, where she had her students put their skills to use in researching poverty and creating personal financial plans for a young person living on their own. Immokalee, Naples students learn...

Are You On the Road To Adulthood? Take the Quiz and Find Out...

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Jun 21, 2017
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Activities, Activity, Behavioral Finance, Research, Current Events
Hat tip to Jessica for pointing out this NY Times article about this concept that has recently (maybe I’m late at noticing) come into vogue, “adulting:” Rachel Ginsberg is a clinical psychologist at the NewYork-Presbyterian Youth Anxiety Center, a research and clinical program that brings together experts from NewYork-Presbyterian Hospital, Columbia University Medical Center and Weill Cornell Medicine. She is part of its Launching Emerging Adults Program aimed at teenagers and...

Chart: Have You Bought Any Amazon Batteries Lately?

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Jun 21, 2017
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Purchase Decisions, Question of the Day, Chart of the Week
This chart below is striking fear into the hearts of branded packaged goods providers (think Pampers, Duracell, Kleenex). Why? In a short period of time, Amazon has become a leading online “private-label” supplier of common products like batteries (#1) and baby wipes (#3). Since Amazon owns the final click to the customer, collects oodles of customer data and controls the shopping experience, it is easy for them to work with a manufacturer, slap their name on the product and provide...

Interactive: What Are The Wages For Jobs In Your State?

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Jun 20, 2017
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Career, Question of the Day, Research, Current Events, Chart of the Week, Math, Entrepreneurship
Another great interactive from Flowing Data allows users to see top jobs and salaries by state (and for the entire U.S. of A. also). This static chart that I copied from the site displays job and salary information for the U.S. The green areas in the chart are jobs where the Median Annual Salary is $60,000 or more. What’s cool is that you can set the Median Annual Salary slider (see above) to a certain Median Salary level and you will see what job categories have most of those jobs....

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