From Iowa Public Radio (45 minute podcast):
Financial literacy has been required as a part of the 21st-Century Skills portion of the Iowa Core for years. But specifics on enforcing the standard are fuzzy, so personal finance and economics classes vary wildly district to district.
Bob Mantell is the director of the T.S. Institute, an organization dedicated to financial literacy for K-12 students, that’s based in Treynor, a southwestern Iowa city of about 1,000 people. His organization puts banks in schools so that kids can get first-hand experience with money. Some kids serve as tellers, others deposit money in a savings account.
Check out the NGPF Activity on Online Banking
Answer (from CFPB and Consumerist): Credit reporting agencies (three of top four) and banks
Additional details: Continue reading
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
Answer (from Fair Isaac): 695
Nice chart too, showing percentage of consumers within certain credit card bands:
The obvious question is why have credit scores been rising..the answer courtesy of NY Times: Continue reading
18 minute Planet Money podcast from this spring. Provides students with a better understanding of how the Dow Jones index is calculated and constructed and its shortcomings vs. S&P500 and Wilshire 5000 indices. Good supplemental resource to use during your investing unit.
Check out the NGPF Investing Activity focused on Asset Allocation using Excel
Interactive tool on Planet Money allows you to input a given job and see the probability that it will be automated in the future. Big caveat here of course is that future predictions are prone to error, however, when you look at factors considered, they seem to make sense.
Here is an example of the output on this tool for the job of Statistician:
Check out the NGPF Activity on Completing a Job Application