Ask an Expert
What are relevant examples of bankruptcy, perhaps of young people, that I can use to discuss with my students? (Standard 13: Bankruptcy)
The fastest growing group of people filing for bankruptcy are under 25*, so right there is a relevant fact you can use to get your students hooked. A story that might connect with your kids is Tommy Hilfiger and how he filed for bankruptcy at 25 and also a recent story of 26-year-old Nickelodeon Star Drake Bell filing for bankruptcy. And to reach all of your athletes, here is a slideshow of several athletes who went bankrupt on Fox Sports Online.
*Senate Committee on Banking, Housing and Urban Affairs
How can I get my students engaged in talking about retirement? They don’t event know what they want to be when they grow up! (Standard 6: Retirement)
Retirement is one of the toughest standards to teach. Trying to make it relevant is the most important part of making this connection for students. Planning now and thinking about retirement is what will make them a likely millionaire. Have a discussion on what age they think retirement happens. Usually, students think “retirement is for “old” people, it’s so far off” and this is where the disconnect happens. This is a great time to introduce compound interest and how important starting at an early age is. If they plan and act now they can be free of the need to work and taking monthly beach vacations much sooner than their friends! Maybe set up some beach and vacation decor too for this lesson… that’s what retirement should be about!
I am looking for some information about Oklahoma State Taxes, what are some good links and resources?
The article posted below was published by the Oklahoma Policy Institute.
