Thank you to Dottie Vollmer, a Peer Financial Educator, for sharing her expertise with our educator community in this recent podcast (duration: 17 minutes). Dottie counsels college students as a member of the MoneySmarts team at Indiana University. In this podcast, she shares what she has learned in her work with college students on budgeting, student loans and credit cards and answers such questions as:
- What are the biggest misconceptions about money that college students have?
- What budget items do college students have the most difficulty cutting?
- What do you know now that you wish you knew in high school?
Show notes: Continue reading
Great opportunity to hone your students’ analytical skills by asking them for takeaways from this chart. Here are a few: Continue reading
This chart released quarterly by the Federal Reserve presents several learning opportunities:
Lesson 1: Mortgage debt far exceeds all other consumer debts with a total of $8.12 trillion as of the end of Q2 2015. The next closest, student loan debt, stood at $1.19 trillion or almost 1/8 the amount of mortgage debt. Continue reading
Answer: It depends.
From PBS NewsHour:
Some useful nuggets from the video: Continue reading
Chart showing rate of increase of college tuition and fees vs. inflation measure (PCE Price Index); from Bloomberg:
According to the Federal Reserve of New York in a recent research report: Continue reading
I often hear my high school students remark “why would anyone ever allow themselves to be in debt?” when they see the costs and consequences of being saddled with debt. Unfortunately, most people don’t plan to be in that situation…life just happens.
I stumbled upon this website, the Debt Project, that I thought would help to put a human face on debt but also help students to understand the life events and decisions that help lead to indebtedness. The Debt Project has portraits and 47 first person stories that are handwritten and describe the amount of debt and the story behind the debt.
So, what’s the activity idea? Continue reading
From the Economist:
Questions for students: Continue reading