Here’s what recent college grads told a pollster (from Quartz):
Think those student loans might be having an impact?
Here are some survey results that provide a good reminder of how much work we have left to do to create a financially literate populace. Why do we force them to learn these lessons from the “school of hard knocks” instead of educating them in high school or college?
From LendEDU 2016 survey:
Answer: Astoundingly, over 40%. Check out this video (4:40 in duration) with “Top Chef” Tom Colicchio from PBS Newshour:
Questions to ask your students:
Most readers already know that anyone can review their credit reports annually from the three credit bureaus (TransUnion, Experian and Equifax) FOR FREE at www.annualcreditreport.com (don’t let the Freecreditreport.com ads fool you). We also recently posted here and here how more and more companies are offering their customers the opportunity to see their credit score for free. Well, now we have news that Discover is offering a no-strings attached free credit score for non-customers too (from NY Times):
Now, Discover has gone one step further and is making FICO credit scores available free to anyone — even to people who don’t have a Discover card and may have no interest in getting one. The scores are available to consumers who register online at Discover’s “Credit Scorecard” feature. “They do not need to apply for a card” to obtain a score, said Julie Loeger, chief marketing officer for Discover.
So, why would Discover be doing this (aside from getting your personal information like an email address that they can use for marketing purposes (again, from NY Times):
Thanks to Kerri Herrild, Business Teacher at De Pere High School (WI) for joining me on the NGPF podcast recently. We recently honored Kerri as anNGPF Teacher-Innovator for her “Personal Finance Goal-Setting and Expense Tracking project.” In this project which stretches over the course of a month, Kerri has her students set financial goals, track their daily spending and write several reflections about what they learned in the process (hint: it might have something to do with food spending!). The students then share their written report with their parents. Listen to this podcast to hear Kerri share a surprising revelation about a student of hers that she learned in the course of this project.