68 customizable lessons, aligned with National Standards, exams and more.
Read NGPF's school-by-school analysis of financial education in America today
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Advocacy
Behavioral Economics
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Buying a Car
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Checking
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Edpuzzle
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FinCap Friday
Gambling and Sports Betting
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Professional Development
Question of the Day
Savings
So Expensive Series
Taxes
Teacher Talk
Answer (based on a paper from MIT economists): YES
Want to motivate your students to be educated about the wiles of credit card companies? Here’s a summary of that paper which should catch their interest (bold type is mine):
We look at the supply side of the credit card market to analyze the pricing and marketing strategies of credit card offers. First, we show that card issuers target less-educated customers with more steeply back-loaded fees (e.g., lower introductory APRs but higher late and over-limit fees) compared offers made to educated customers.
So, there you have it..card companies target those 0% APR cards (seems too good to be true) that carry with them spring loaded interest rates after the introductory period and higher fees to less educated customers.
Additional sources:
Let's Get Serious (or Not): Cartoons To Consider
Which College Degrees Have Highest ROI?
5 Resources to Decipher the U.S. Debt Clock
Question of the Day: What is the average credit card debt held by Gen Z?
4 Infographics to Start the School Year
Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.
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