Economics

Try your hand at this nonpartisan online budget simulation that lets you decide both how much to spend on schools, prisons, health care and other state programs, as well as how to pay for those programs.

Financial literacy is a key component of PwC’s Access Your Potential commitment. This curriculum is composed of easy-to-follow lesson plans accompanied by interactive handouts and dynamic multimedia components

U.S. senators have asked the U.S. intelligence community to assess the national security risks of the video-sharing platform: should TikTokers be worried?

Being financially responsible can be hard. Teaching financial responsibility to kids can be even harder.

/PRNewswire/ -- According to a recent survey, 93 percent of teens believe economics education is "important," yet struggle with basic concepts like "supply and...

Focus on the value created, not just the prices paid.

For 47 cents, the College Board will sell an individual’s information, allowing schools to market themselves more broadly. This encourages an increase in applications, which can lead to higher rejection rates.

 Priceless!  As more states consider increasing access to personal finance, we should expect advocates to be questioned about the value of a personal finance course or in investment parlance, "What's the Return on Investment (ROI)?"   We know there is lots of academic value to the course as it develops the following skills: Analytical thinking Problem-solving Teamwork through group projects Decision-making in ambiguous situations where there may not be one right answer Communication skills, including written and oral in classroom discussions and presentations It also presents...

Author A.J. Jacobs embarked on a quest with a deceptively simple idea at its heart: to personally thank every person who helped make his morning cup of coffee. More than one thousand "thank yous" later, Jacobs reflects on the globe-trotting journey that ensued -- and shares the life-altering wisdom he picked up along the way. "I discovered that my coffee would not be possible without hundreds of people I take for granted," Jacobs says.

VIDEO DESCRIPTION In Florida, reporter Gloria Alverez talked to Venezuelan immigrants, and most of them told her socialism doesn’t work. Stossel warns that if we don’t realize that socialism is to blame for Venezuela’s destruction, “other tragedies like Venezuela will happen again and again.” Do ...

From Zebra State of Insurance report:  Questions: Using data from the chart above, explain why 16-17 year olds pay the highest insurance premiums?  What age group has the lowest premiums? Why do you think that is the case?  Based on the data above, at what age do you think driving skills first start to deteriorate?  As cars continue to add safety features, what impact do you think that will have on accident rates? on premiums?  ------------------- Thanks to NGPF super intern Ansh for compiling the last 20+ Charts of the Week in this document. 

Answer: 12% It is time once again to take a look at new data on this often quoted number, and put it in context. (In fact, 12% is the critical figure here, representing those who can’t pay it at all: 27% would have to borrow or sell something to cover the expense.) Questions: Are you surprised by this number? Why or why not? What are some emergency expenses that could amount to $400?

Interactive charts illustrating trends in U.S. household debt and credit data

VIDEO DESCRIPTION Allowing organ sales would save lives, but critics say it would hurt the poor. Download Teacher's Guide Download Video (.mp4 FILE) To download this video or the Teacher's Guide that goes along with it, please login. If you don't have an account, register now for ...

AOC: A System With Billionaires Is Immoral fee: Why Jeff Bezos Isn't As Rich As You Think Enjoy this video? You can access many more resources like quizzes, teacher's guides, and free DVDs when you register! It will take you less than two minutes, and best of all: it's FREE!

NGPF Activity Bank Taxes Interactive: Intuit Education TurboTax Simulation Teachers, you MUST carefully review the TEACHER GUIDE for instructions on how to implement this activity in class. You cannot possibly run the simulation without following the directions listed there. The gu...

Hat tip to Nick Maggiulli of Dollars and Data blog for highlighting this research from .  Answer: Buying experiences Treating yourself (on occasion) Buying extra time Paying upfront (i.e. all-inclusive vacations) Spending on others Questions:  What are ways that you spend money that bring happiness to you? Do they fit into any of these five categories?  Why do you think that researchers found that "buying experiences" might create more happiness than buying "things?" Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Be...

How Will This Affect My Credit Score?

Dennis Bernard, 60, founded Bernard Financial Group in 1991 in a small subleased office without a computer because he couldn't afford one. The firm has grown to north of $1 billion in loan origination annually and $4.2 billion in servicing, with the vast majority of it being in Metro Detroit. He…

Here's a few Brain Games videos that I watched over the weekend that can help students uncover scams: Pigeon Drop Con Artist Handbook The Scam Illusion Questions Have you ever fallen for a scam? What techniques do these scam artists use in these videos to con people?  Which of the three scams do you think you would most likely have fallen for?  What lessons can you learn from these videos so that you are not conned?  -------------------- Create A Financial Scam Guidebook is a great activity where students research common financial scams and develop strategies on how to a...

Answer: $143 billion Average credit card debt of $830 billion (Experian study, 2019) multiplied by an average credit card interest rate of 17.27% (creditcards.com) Questions: Why do you think that so many Americans have credit card debt, meaning they don’t pay the full balance on their credit card statements every month? Does credit card debt carry a high or low interest rate? What ideas do you have on how you can avoid getting into credit card debt where you can't pay your balance off every month? Imagine using your credit card to buy $100 of clothes.

Because of our social nature, another principle is to benefit others with our money. Studies performed by Dunn and others have shown that participants who spend money pro-socially disclose a higher level of satisfaction. While personal spending did not diminish participants' happiness, it did not in...

History offers plenty of examples of what happens when we slow innovation because of job fears. It isn’t a pretty picture, the author argues.

Hat tip to Jessica for finding this resource which allows students to tweak variables to find out how much they can save through D-I-Y coffee. It also provides opportunities to discuss investing as one of the variables is "investment return."  Here are the variables (the dark rectangles are calculated fields while the white rectangles are user-generated:  For those students who don't drink coffee, they can identify something they might buy several times a week (e.g. snacks) and Put in $0.01 for the bag (retail value)  Input the cost of that item purchased in the cup (retail v...

I can't remember how I found this site but thought it might be engaging to your students because it takes a budgeting principle and allows students to see how it actually applies in their community.  The simulation starts by explaining the 50/30/20 budgeting rule of thumb which is the idea that 50% of budget should be spent on needs, 30% on wants and 20% on savings and paying down debt. It then has students select from one of three scenarios: Married couple with 2 children in Boise, Idaho Single adult male in Chicago, Illinois Single mother with one child in Cleveland, Ohio It then com...

Put yourself in a better financial position after you graduate by avoiding these money mistakes.

Your financial well-being tells the story of how you manage your money. For Financial Planning Month, we have 25 tips to improve your finances and overall financial well-being.