Sharing One Skin

This article is Sharing One Skin by Jeannette Armstrong. Jeannette talked about her different sides of her family and what she is. She talks about the meaning of the word of where she’s from, Okanagan. One thing that she says is how she can’t be separated from her place or land. She also mentioned when her people pray they say “This is my clan” to identify who they are and what families they came from. 

Armstrong, Jeanette. 1996 “Sharing One Skin: The Okanagan Community.” Pp. 460-470 in Jerry Mander and Edward Goldsmith (eds.), The Case Against the Global Economy, San Francisco, CA: Sierra Club Books.

How Place Names Impact the Way We See Landscape

The article is titled How Place Names Impact the Way We See Landscape by B. Toastie. The article mainly talks about how places have different names as the ones they should have. Some places in the U.S. are named after colonizers, like Washington, Jefferson, and Jackson. In the southwest we have “San” and Santa” for most town and city names. Laura Tohe grew up knowing the names of places by the colonial name and the Diné name her people used. 

B. Toastie Image credit: Tony Abeyta May 1, 2022 From the print edition. “How Place Names Impact the Way We See Landscape.” High Country News – Know the West, 1 May 2022, https://www.hcn.org/issues/54.5/people-places-how-place-names-impact-the-way-we-see-landscape. 

Top 10 Biggest World Financial Events of 2000 to 2009

This article is by Rosemary Carlson from the 'Top 10 Biggest World Financial Events of 2000 to 2009' article. After the September 11, 2001 terrorist attacks the economic climate was never the same again. The terrorist attacks caused a lot of financial loss for the US. In 2002 was the Stock Market Crash and around this time the U.S. launched the War on Terror in Afghanistan, later the Iraq War in 2003. To fund for these operations it is estimated that U.S. taxpayers have paid more than $6.4 trillion. In 2005 Hurricane Katrina and Rita did more than $175 billion in damage. Many jobs were lost, homes were destroyed, and the effect on gasoline and oil prices were long lasting. September 2008 was the deepest economic downturn since the Great Depression, it wasn’t just in the U.S. but other countries as well. 

Carlson, Rosemary. “The 10 Biggest World Financial Events of 2000 to 2009.” The Balance, The Balance, 26 Apr. 2021, https://www.thebalancemoney.com/top-10-financial-events-of-the-decade-393162. 

How Historical Events Affect Our Financial Decisions

This article is by Adam Obrecht from the 'How Historical Events Affect Our Financial Decisions' article. In the years 2007 - 2009 there was a financial crisis. The event of this wasn’t too far from where we are now. It’s likely that kids growing up at this time have an idea of saving, since they might’ve seen their parent’s hardships with money at that time. Everyone around the world felt the impact of Covid-19. A thing we learned from this is that there is a fear in where we stand financially. Things may come up unexpectedly and depending on your financial situation it could pull you down. People losing jobs, people getting laid off, and people not finding jobs was a common thing during this time. And because of this we feel the need to start saving. A study showed that half the people in the workforce are making less than they did pre-pandemic.

Obrecht, Adam. “How Historical Events Affect Our Financial Decisions.” AO Wealth Advisory, AO Wealth Advisory, 12 Oct. 2021, https://www.aowealthadvisory.com/blog/how-historical-events-affect-our-financial-decisions. 

Finance: The History of Money

This video is by OpenLearn from The Open University from "Finance: The History of Money" on YouTube. When communities started to grow in the early years, rulers began to impose taxes and this made accounting increasingly difficult to keep track of. Documents like an IOU became a thing but they were hard to enforce or verify, so instead people started to use objects. This change meant that people would be able to trade with anyone. The invention of money also became the invention of debt. Early Chinese rulers came up with an idea of keeping their coins in their palaces and handing out IOU certificates on paper for long distance trading. The IOU certificate didn't have any value but the people trusted that it was worth what it said it was worth. With this they could exchange it for gold, silver, or the coins it represented. Today the only thing that tells us the value of a dollar bill from any other paper, is trust. In the 16th century Spain explorers brought back gold from Mexico and thought that it would boost trade, but instead traders raised their prices to match the value of gold and everything went downhill. 

OUlearn. “Finance: The History of Money (Combined).” YouTube, YouTube, 1 Dec. 2015, https://www.youtube.com/watch?v=YCN2aTlocOw&t=77s.

The State of Personal Finance in America 2022

This article was by Ramsey Solutions from ‘The State of Personal Finance in America 2022’. Today there are a lot of things going on in the world with finance. Inflation is rising which is affecting everything in people’s lives. Finances has had a negative impact on half of Americans’ mental health. One in three Americans have said that they are struggling or in a crisis with personal finances and half of that said they have trouble paying their bills. 45% of Americans said they have at least $1,000 in savings and 36% have no savings at all. 71% of Gen Z is more worried about finances than 42% of baby boomers. 59% of Americans worry about general finances daily and about half said they lost sleep due to financial worries. 

Ramsey Solutions. “The State of Personal Finance in America 2022.” Ramsey Solutions, Ramsey Solutions, 15 Nov. 2022, https://www.ramseysolutions.com/budgeting/state-of-personal-finance. 

Chapter 1. The Economic Impacts of the COVID-19 Crisis

This article by the World Bank Group from ‘Chapter 1. The Economic Impacts of the COVID-19’. Covid-19 pandemic caused the largest worldwide financial disaster in modern times. As the pandemic unfolded in 2020, the stretch of events and the big effect showed that many households and small businesses were not prepared at all to survive an income distress. Some data shows that the recovery from the crisis will be a rough and long one. Major effects for developing businesses and low income groups will need much more time to recover losses of income and employment brought on by the pandemic. Income losses among poor populations are high. According to a survey data in 2020 temporary employment was higher in 70% of all countries. Income losses were also larger among youth, women, self-employed, and casual workers with lower levels of formal education. 

World Bank Group. “WDR 2022 Chapter 1. Introduction.” World Bank, World Bank Group, 15 Feb. 2022, https://www.worldbank.org/en/publication/wdr2022/brief/chapter-1-introduction-the-economic-impacts-of-the-covid-19-crisis. 

Steps for Money Management and Financial Planning

There’s a misunderstanding that in order to be good with money, you have to have a lot of it. What is important is everyday management with money, whether you’re spending for yourself or for anybody else. Three basic steps to make most of your money are working on your debts, setting savings goals, and creating a budget. Using these three  methods will help make a big difference in your monthly budget and financial future. 

bankofamerica. “Steps for Money Management and Financial Planning.” YouTube, YouTube, 29 Mar. 2017, https://www.youtube.com/watch?v=CU4l_rs50Kk. 

Financial Literacy Around the World: Top 10 Countries and the US

The article is titled "Financial Literacy Around the World: Top 10 Countries and the US" by Jordan Rosenfeld. In this article it talks about the financial literacy of many countries. It clarifies what countries are doing and what they've done to get people educated. Denmark, Norway, and Sweden are all tied at number one with 71% financial literacy. In Denmark, employees get pension plans of 10 - 15% of their income and compounding interest. And for students from 7th through 9th grade, they are required to have financial education. Global Money Week is an annual event in Denmark where financial professionals come to schools and speak to Danish adolescents. And for the U.S. it didn't make the top 10 list, with a percentage of 57% in financial literacy. A quote from Milken Institute, "many US adults lack the basic knowledge and skills required to engage in sound financial decision-making." Twenty five states in the U.S. assign economic courses that are required to graduate. 

Rosenfeld, Jordan. “Financial Literacy around the World: Top 10 Countries and the US.” GOBankingRates, GOBankingRates, 20 Apr. 2022, https://www.gobankingrates.com/money/financial-literacy-around-the-world-top-10-countries-and-united-states/.

How Men and Women Manage Money Differently

This article is titled "How Men and Women Manage Money Differently" by Personal Finances. Single men outspend single women, men spend around $41,203 a year whereas women spend $38,838. But it should be noted that women are paid about 17% less than men. When it came to food, men spent around $4,816 annually and women $4,446 annually, not far off. But clothing was one where women spent more. They spent $1,080 on “apparel and services” and men spent $842. The categories of cars and entertainment were led by men being the top spenders in both categories. The wage gap is one factor in why men are outspending women in some categories. Women have about 55% of student loan debt and owe around 16% more than men at graduation. Men owe $18,880 in student debt and women owe $31,276. Mens’ financial priority is growing their retirement savings while womens’ financial priority is to support their family. Fifty percent of women at the ages of 55 to 66 have no personal retirement savings compared to 47% of men. According to studies, men are inclined to be confident in financial knowledge and open to risky investments. On the other hand women are cautious investors with the future in mind. And studies with that show that women’s investment strategy tends to be more stable than an average man. A Fidelity study showed that women investors are outperforming men.

Directions Credit Union. “How Men and Women Manage Money Differently.” Directions Credit Union, 13 Feb. 2023, https://directionscu.org/2023/01/19/how-men-and-women-manage-money-differently/.

Money Management for Teens

The title of this video is "Money Management for Teens" by Navigating Teen Life. An investment adviser helps a group of teens understand more about money management. He talks about budgeting being the first thing of money management and how easy it is. There are tools online to help with budgeting and also a simple spreadsheet. The investment adviser tells the kids that one of the most important parts of financial management is savings. An easy way to do this would be to have your employer do a direct deposit into a savings account. Another way would be to take 10% of whatever money you get and save it.

“Money Management for Teens.” Navigating Teen Life, YouTube, 4 May 2020, https://www.youtube.com/watch?v=n7FaDYty898.

For my first action plan I gave a presentation to my classmates and peers. 

Money Management for Teens

The title of this video is "Money Management for Teens" by Navigating Teen Life. An investment adviser helps a group of teens understand more about money management. He talks about budgeting being the first thing of money management and how easy it is. There are tools online to help with budgeting and also a simple spreadsheet. The investment adviser tells the kids that one of the most important parts of financial management is savings. An easy way to do this would be to have your employer do a direct deposit into a savings account. Another way would be to take 10% of whatever money you get and save it.

“Money Management for Teens.” Navigating Teen Life, YouTube, 4 May 2020, https://www.youtube.com/watch?v=n7FaDYty898.