Have you ever said "all the money in the world" couldn't get you to do something? Let's see just how much you'd be passing up.

Answer: Around $8 trillion USD

Questions:

1. Is $8 trillion in tangible currency more or less than you expected?
2. Why do you think such a high percentage of the world’s tangible currency exists in the U.S., Europe, China, and Japan?
3. Tangible currency is defined as coins and bank notes (paper money). What other types of currency exist that aren’t counted here?

Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (Visual Capitalist):

"Tangible currency--what many people around the world think of as "money"--is worth $8 trillion. 

The world's total above-ground gold reserves are estimated at 205,238 tonnes by the World Gold Council. Using a $1,750/oz spot price, the world's gold is worth $11.5 trillion.

Billionaires around the world have a collective net worth of $12.7 trillion."

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Check out NGPF's Money and Me mini-unit to learn more about money in our everyday lives!

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The activity MOVE: Your Money Values will help students explore what's important in their financial lives!

About the Author

Ryan Wood

Ryan is the Partnerships and Adoption Manager for Next Gen Personal Finance’s midwest region. He brings his experience as a former teacher, curriculum designer, and sales and marketing professional to state organizations and school districts in supporting the implementation of their personal financial education efforts. He graduated from the University of Wisconsin-Green Bay and earned his teaching credential from Saint Mary’s University in Winona, Minnesota. He proudly taught at two rural high schools in Wisconsin before transitioning to curriculum design at NGPF, and is now excited to be on the front lines in delivering the best possible financial education in the midwest. He and his wife have three beautiful daughters, each of which inspire him to share the impact of being sound financial stewards both at home and as lifelong learners.

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