I had the Honorable John Ninfo on my podcast recently who described his “Scared Straight approach” to teaching young people about the perils of credit. He saw the consequences in the decades he served as a Bankruptcy Court judge in the state of New York. After looking at this infographic from the WSJ and the accompanying article, the overwhelming evidence is that we should be employing similar scare tactics to the topic of retirement planning because we better hope that the next generation is better prepared for taking on this responsibility:
From Kathleen Brennan from Mount Saint Mary Academy in Watchung, NJ:
“I also want to let you know that Next Gen Personal Finance really has become my go-to source. My class has just finished the lesson on savings. I love to use case studies (hear Kathleen’s tips on implementing case studies). My students had great fun with the Save Me! Case study and had interesting recommendations for Juan Carlos. I love the integration of the Excel spreadsheet into the lesson. As part of the Savings Unit, I also assigned the Savings Account Analysis as a group project. The groups handed in their work today, and at first glance, they all did a great job. My next unit is Investing— I’m looking forward to it.
I’m not sure whether I mentioned it to you before, but I love the cross-curricular aspect of the curriculum. Although my class is technically a math class, I’m really enjoying the ability to infuse writing, public speaking, marketing, technology, and other critical thinking features into the class. I also love the fact that the material is so easy to access. I must admit that I haven’t transferred my course into the
Consumer Financial Protection Bureau (CFPB) out with a new report “Building Blocks to Help Youth Achieve Financial Capability.”
Skimming through it quickly to bring you the highlights. Here are their three building blocks they identify as critical to financial capability:
NGPF Podcast: Tim Talks With Brandon Jacobson, Copper Hills High School (UT) Teacher, On Why He Loves Case Studies
We received a nice email from Brandon Jacobson in mid-April discussing how much he enjoyed using our case studies in his classroom at Copper Hills High School in West Jordan, Utah. The quote in his email that that really resonated with me was “Great discussions lead to a more detailed and comprehensive learning.” In my own practice, I have seen case studies generate great classroom discussion and now there was another teacher corroborating my experience. Shortly thereafter, we were exchanging emails and Brandon kindly agreed to be on the show to share his expertise on how to effectively use case studies in a personal finance setting.
Listen to this podcast to hear Brandon answer such questions as: