Category: Video Resource

Video: What Is the Future of Retailing?

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Aug 24, 2017
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Purchase Decisions, Budgeting, Behavioral Finance, Video Resource
Interesting video (duration of 8:48) from PBS NewsHour: "Is traditional retail dead? There have been more store closings this year than any since the Great Recession, with retailers filing for bankruptcy at a record pace. And yet online retailers like Amazon and Warby Parker are adding brick-and-mortar stores. What’s the secret to keeping afloat as shopping evolves? Economics correspondent Paul Solman reports." Questions: What is having the most dramatic impact on the demise of...

Question: Can Language Really Impact Savings Rates?

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Aug 16, 2017
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Savings, Video Resource, Question of the Day
This post created by new NGPF team member, Christian Sherrill:  If you’re a rabid TED Talks fan, as I am, you’ll probably remember Yale Economist Keith Chen’s fascinating talk about the impact of grammar on savings behavior. Now famously, Chen concluded that - well, I’ll let you learn about it on your own terms: Video summary (5:53) Full text of study: The Effect of Language on Economic Behavior: Evidence from Savings Rates, Health Behaviors, and Retirement...

Videos, Videos, Videos

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Jul 23, 2017
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Cryptocurrencies, Career, Stocks, Current Events, Video Resource, Entrepreneurship, Retirement
Stumbled upon this video trove on Ozy this morning that had some short, relevant and engaging videos that I thought your students might enjoy. Many of them ask provocative questions that can be good entry points for a class discussion: Future of Money (3:03) In your own words, what is bitcoin and other cryptocurrencies? Why is it popular? What is an example of an “intermediary” in the money business that bitcoin is trying to eliminate? Where do you think that you will keep your...

Video: How Can We Overcome Our Behavioral Biases Against Saving?

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Jul 12, 2017
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Behavioral Finance, Question of the Day, Savings, Current Events, Video Resource, Retirement
Hat tip to Vikram Parekh of USAA (podcast upcoming) for highlighting the work of one of his favorite behavioral economists, Shlomo Benartzi of UCLA’s Anderson School of Business. In this 17 minute TED video, Shlomo highlights the hurdles to saving and how he designed a savings program (“behavioral economics on steroids”) to overcome these challenges. He provides some good examples that you might use with your students to show how our behavioral biases cause us to fall short of...

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...

Video: What Can An Inmate At San Quentin Teach Us About Personal Finance?

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Jun 07, 2017
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Video Resource, Behavioral Finance, Personal Finance, Current Events
Hat tip to Ren Makino for pointing out this TED video (11:03) that demonstrates how the need for financial education permeates every corner of American society: Questions: What are some of the statistics that Curtis mentions about the state of finances in the U.S.? What role does money play in the crime statistics he mentions? What are the four timeless rules that are the foundation of Curtis’s program? Does Curtis believe that you need a professional to manage your finances? What are...

NGPF's Top 15 Activities, Courtesy of Jessica Endlich

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Jun 06, 2017
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Activities, Activity, Budgeting, Personal Finance, Savings, Stocks, Video Resource, Case Study, Interactive
Given the comprehensive nature of our website (full disclosure: Sometimes I forget that we have certain projects/activities/data crunches/blog posts….), teachers often ask us “OK, but what are the best resources that you can recommend?” At that point, we typically turn to Jessica and she always has a few ideas to recommend. So, this month, we asked Jessica to provide us with her “Best of NGPF” specifically for the last days of school. The responses we got from...

Teacher Feedback on our Credit Units -- Thanks, Maureen!

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Jun 01, 2017
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Credit Cards, Credit Scores, Video Resource, Credit Reports, Featured NGPF Lesson, NGPF Fellows
NGPF Fellow Maureen Neuner is consistently in touch with us here at NGPF, which we love love love! Her most recent feedback seemed worth sharing, as it might entice some of you to check out our credit units for use next year. Here’s Maureen’s email [with comments from Jessica in brackets]… Happy Friday! I just wanted to give you some feedback on the credit unit I just completed. Every year I feel like I redo my lessons for credit because there is so much information out there...

A New Way to Teach Spreadsheets

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May 04, 2017
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Teaching Strategies, Video Resource, Featured NGPF Lesson
In case you missed it in late March, NGPF’s diving in deep to spreadsheet work. Read on… WHY SPREADSHEETS? A recent study from Burning Glass Technologies reveals that: 78% of middle-skill jobs include spreadsheets as a baseline requirement Digitally intensive jobs are growing 2.5 times more rapidly than non-spreadsheet required jobs Digitally intensive jobs pay 18% higher than non-digital jobs Your students need these skills!   THE NGPF SOLUTION We’re always looking to...

Audio Resource: How Does Our Spending Reflect Our Values?

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May 01, 2017
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Behavioral Finance, Question of the Day, Research, Teaching Strategies, Purchase Decisions, Video Resource, Audio Resource, Podcasts
Just done listening to this 28 minute Hidden Brain podcast “Money Talks” which asks such provocative questions such as: Would you buy clothing from a department store if you knew the apparel was made in a sweatshop? If you have a choice between a local coffee shop and a national chain, which would you choose? Does how a company treats its employees (e.g, Uber) or customers (e.g., United) factor into your purchasing decision? I also learned a new term listening to this...

Podcast: How Does Scarcity (Time, Money, Relationships) Impact Our Brain?

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Mar 28, 2017
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Behavioral Finance, Research, Purchase Decisions, Current Events, Video Resource, Audio Resource
Thanks for my friend Dan Mennel for pointing this podcast out to me: Hidden Brain: Tunnel Vision (Episode 65, 36:34) What I like about this podcast: The first fifteen minutes of the podcast deal with the issue of money scarcity and describe how our brains are wired to handle it and how our responses often meet short-term needs at the expense of our long-term goals. From Hidden Brain website: When you’re hungry, it can be hard to think of anything other than food. When you’re...

Resource Lists for Financial Educators (courtesy of Barbara O'Neill of Rutgers Cooperative Extension)

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Mar 28, 2017
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Activities, Credit Scores, Career, Paying for College, Research, Budgeting, Credit Cards, Identity Theft, Personal Finance, Investing, Mutual Funds, Savings, WebQuest, Financial Literacy, Student Loans, Checking Accounts, Debit Cards, Payment Types, Stocks, Current Events, Insurance, Video Resource, Case Study, Credit Reports, Employment, Quizzes, Entrepreneurship
What does a distinguished professor do during her sabbatical? Curate personal finance resources, of course! In this blog post, Barbara O’Neill shares the fruits of her hundreds of hours of labor in putting together three awesome resource lists (see bottom of post for links to her lists), including what what she considered the “best of the best” from the NGPF library. As she describes below, the purpose of her odyssey was to replenish her “well” of creative...

Video: Suburbs and Cities: Why Do We Live Where We Do?

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Mar 22, 2017
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Budgeting, Mortgages, Research, Purchase Decisions, Video Resource
Hat tip to Big Picture blog who brought this well produced and engaging 10 minute video to my attention. It provides an historical perspective on how cities developed and the factors that determine where people live in in the U.S. compared to Europe. This would be a good supplement to your budgeting lesson as housing costs tend to be the largest expense so where you live is consequential: Questions for students: Why did cities in Europe develop differently than those in the U.S.? Where do rich...

What's New With Credit Reports?

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Mar 14, 2017
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Credit Reports, Credit Scores, Policy, Research, Current Events, Video Resource
Here are a few new developments that we are tracking: Consumers are about to benefit from changes afoot with credit reports (From WSJ [subscription] with hat tip to NGPF Team member, Sonia): Many tax liens and civil judgments soon will be taken off people’s credit reports, the latest move to omit negative information from the powerful financial scorecards. The decision by the three major credit-reporting firms— Equifax Inc., Experian PLC and TransUnion—could help boost credit scores for...

Videos: What's New In Investing?

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Mar 12, 2017
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Investing, Behavioral Finance, Index Funds, Mutual Funds, Stocks, Current Events, Video Resource
Warren Buffett’s Million Dollar Bet: Who’s Winning (from MarketWatch)? What’s the bet? What’s a hedge fund? What’s an index fund? Who’s winning? Why? Why should this matter to you as a regular investor? What’s the lesson? Fee war breaks out on commissions to trade stocks (from CNBC): How much are brokerage fees going down? Is this good news for investors? Why do you think the online brokerage stocks are falling with this news? Do you think...

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