Types of Credit Data Crunch

MATH: Auto and Mortgage Monthly Payments

In this activity, students will be able to:

  • Substitute values into complex formulas
  • Calculate monthly payments based on loan amount, interest rate and number of payments


Source: NGPF

MATH: Percent Change in US Household Debt

In this activity, students will be able to:

  • Calculate percent change from points on a graph
  • Analyze line graphs of household debts, number of car loans, and credit card debt


Source: NGPF

MATH: Loan Repayments Using Simple Interest

In this activity, students will be able to:

  • Calculate the cost of different loans using simple interest
  • Consider how interest rate and length of time impact the cost of a loan
  • Use the equation l=Prt


Source: NGPF

MATH: Compound Interest Pitfalls

In this activity, students will be able to:

  • Use the compound interest formula to evaluate the cost of unpaid debt over time
  • Evaluate the exponential growth of debt from credit card loans and payday loans.


Source: NGPF

DATA CRUNCH: How Long Do Alternative Loan Borrowers Carry Balances?

In this activity, students will be able to:

  • Analyze a bar graph of payday loan statistics on percentage of borrowers with balances for different loan types and time periods


Source: CFPB

DATA CRUNCH: How Easy Is It to Get a Loan?

In this activity, students will be able to:

  • Analyze a bar graph of credit rejection rates for different types of credit, including auto loans, credit cards, credit increases, and mortgages.


Source: New York Fed Survey of Consumer Expectations

DATA CRUNCH: What Are The Most Common Credit Card Fees?

In this activity, students will be able to:

  • Analyze a bar graph of the frequency of different types of credit card fees.
  • Compare the growth of different credit card fee types, including late fees, annual fees, and balance transfer fees, between 2015 and 2018.


Source: Bureau of Consumer Financial Protection

DATA CRUNCH: What Interest Rate Do Consumers Pay On Their Credit Cards?

In this activity, students will be able to:

  • Examine the trends in credit card interest rates over time.
  • Analyze key features of a function in context, including maximum and minumum values and average rate of change.


Source: Federal Reserve Bank of St. Louis

DATA CRUNCH: When Do College Students Use Credit Cards?

In this activity, students will be able to:

  • Analyze a bar graph comparing what percentage of each student group uses credit cards for different types of purchases.
  • Summarize information and make inferences about how college students use credit cards.


Source: Sallie Mae

DATA CRUNCH: What Percentage of U.S. Households Own Homes?

In this activity, students will be able to:

  • Analyze trends in home ownership between 2000 and 2018.
  • Make inferences about how large economic shifts connect to homeownership rates.


Source: U.S. Census Bureau

DATA CRUNCH: Who Has Consumer Debt (By Age Group)?

In this activity, students will be able to:

  • Interpret data from a stacked bar graph compared debt types across different age groups.
  • Make inferences about the prevalence of auto loans and students loans across age groups.


Source: NY Federal Reserve