Virginia’s CTE Resource Center Competency Task List forEconomics and Personal Finance (2019-2020) - 6120 - 36 weeks

http://www.cteresource.org/verso/courses/6120/economics-and-personal-finance-tasklist

http://www.doe.virginia.gov/instruction/career_technical/path_industry_certification/index.shtml

Reading List for April 1, 2020

By Beth Tallman  
March 27, 2020
Current Events, Economics, Investing, Student Loans, Budgeting

 

Coronavirus Pandemic coverage this week includes articles on the soon-to-be stimulus bill, actions by the Federal Reserve, unemployment statistics, the stock market volatility, and potential implications for student loans.

 

Stimulus Bill

  • What is in it, and what is not. The NYT provides the answers with an FAQ.
  • Will you qualify to a direct payment? (WaPo) provides a calculator for stimulus checks.
  • If you don’t need your stimulus check to pay bills, what should you do with it? Save it (start that emergency fund—see below) or spend it? (NBC)

 

 

Unemployment

  • Take your pick of articles here outlining and graphically representing just how huge last week’s unemployment claims figure of 3.28 million really is. (NPR) (WaPo) (AP)

 

 

Investing

  • Stock markets through Thursday this week had the best three days since the Great Depression. (Reuters via Morning Brew) (But as of this writing, markets are in red territory today.)
  • Yields on short-term Treasuries went negative this week. What does that mean? (WSJ)

 

 

Fed Watch

  • In this Upshot article, Neil Irwin gives some historical perspective to the Federal Reserve and the tools it could use to soften the blow of this crisis. (NYT-subscription)
  • Federal Reserve Chair Jerome Powell was interviewed on the Today Show on Thursday, March 26. Listen to this informative session here: (YouTube/NBC) Or read a summary of the interview: (Reuters)
  • The Fed is buying ETFs to prop up the bond market (see article on Treasury yields above too). (MarketWatch)

 

 

Student Loans

  • What provisions are currently in the stimulus legislation? One would give a one-time tax credit to employers who offer student loan payment assistance as a benefit. (Inside Higher Ed)
  • Another provision puts Federal student loan payments on hold for several months (and would stop the clock on interest accruals as well.) However, about 5% of borrowers currently would not qualify. (Inside Higher Ed2)

 

 

Emergency Funds

  • This crisis is bringing home the point to anyone who was not previously convinced that having an emergency fund for times like these make all the difference. No surprise here: yet another survey shows how few Americans actually have one. (PR Newswire)
  • GoFundMe is seeing a surge in coronavirus related drives. (NYT)
  • Three in ten Americans are hoarding cash during this crisis. Here are the stats? (PRNewswire) (MagnifyMoney)

 

Higher Education

  • What is usually a busy recruiting time on now empty college campuses may lead to an increase in college amissions rates as schools are concerned about filling next year’s freshman class. (WSJ)

About the Author

Beth Tallman

 

Beth Tallman entered the working world armed with an M.B.A. in finance and thoroughly enjoyed her first career working in manufacturing and telecommunications, including a stint overseas. She took advantage of an involuntary separation to try teaching high school math, something she had always dreamed of doing. When fate stepped in once again, Beth jumped on the opportunity to combine her passion for numbers, money, and education to develop curriculum and teach personal finance at Oberlin College. Beth now spends her time writing on personal finance and financial education, conducting student workshops, and developing finance curricula and educational content. She is also the Treasurer of Ohio Jump$tart Coalition for Personal Financial Literacy.