Showing posts with label economics infographics. Show all posts
Showing posts with label economics infographics. Show all posts

Friday, April 13, 2012

Financial Literacy, Taxes, and Economics Lessons

This evening I opened an email from Edutopia that contained a nice, simple infographic about the importance of financial literacy. The infographic has some basic statistics about the debt load carried by young people and how personal finance education can change those statistics. The infographic is really just a promotion for Edutopia's other materials about financial literacy. It also reminded me of some other resources for teaching students about personal finance and taxes. As the income tax filing deadline is just a few days away in the United States, I thought it would be good to highlight some resources for teaching about taxes too.



The IRS website, Understanding Taxes, is a good source of lesson plans and individual learning materials about taxes and budgets. In the teacher section of the site you will find lesson plans like this one (opens as pdf) designed to teach students about services for which tax revenue is used.

PBS Kids has a great lesson plan for introducing young students to the concepts of budgets and taxes. The lesson starts with a focus on the students' personal budget before moving onto the basic concepts of government budget.

At Where Did My Tax Dollars Go? you can enter your gross income for the year and your filing status to see a break down of where your dollars went. The break down includes an interactive pie chart that you can click on to find a further break down of each category on the chart. For example if you click on the National Defense section of the pie chart you will see how many of your dollars went to the Army, Navy, and Air Force.

Just where does of all the collected tax revenue go? What We Pay For has some answers to that question. What We Pay For uses publicly available tax data to show you how your tax money is appropriated. On the left side of the screen you will see the total revenue and appropriations for the entire United States. On the right side of the screen you can enter your filing status and pre-tax earnings for the year to see the approximate amount you will pay toward US budget items. You can enter your pre-tax earnings as an annual figure, monthly figure, weekly, daily, or hourly wage.

Visual Economics is a provider of articles and infographics about various economics-related topics. One of their better infographics is titled How Wealthy Countries Tax Their Citizens. The infographic depicts how the world's 29 wealthiest countries tax their citizens and how that money is spent.

For high school students, college students, and adults CNN's Explain It To Me video about the "Buffett Rule" explains why sometimes the super rich don't pay as high a percentage of their income in taxes as the rest of us.


And here you can find eleven economics infographics that I've highlighted in the past.

Wednesday, November 30, 2011

11 Infographics and Videos for Teaching Economics

One of the current trends in the blog-o-sphere is the use of infographics for sharing general information about a topic (infographics also seem to be an SEO tactic). Over the last couple of years I've come across more than twenty infographics dealing with topics in economics. Today, I've assembled a list of some of the better infographics and videos for teaching topics in economics.

Update: on May 7, 2019 I removed the dead links on this article that was originally published in November, 2011.

Mint, the free money management service, regularly posts interesting infographics on its blog Mint Life.  One of the better infographics they've featured is What Is a Stock? What Is a Stock? uses clear graphics and plain terms to explain what a stock is, offer a brief history of stock markets, and give a brief explanation of why people buy stocks.This resource is no longer online.


Curious About George: What is the Lifespan of the Dollar Bill? is an interesting an informative infographic from CreditLoan.com. The infographic offers provides flow charts of the production, distribution, and eventual removal from circulation of currency. Some statistics about the quantity of dollar bills produced every year is also included in the infographic.

Through the Cool Infographics blog I discovered a neat infographic about the ten most expensive cities to live in in 2010. The infographic has three parts; a map, a set of explanations of the costs associated with living in each city, and a comparison chart. The comparison chart at the bottom of the infographic does a nice job of putting cost comparisons into terms that students can relate to. Included in the comparison chart are the costs of fast food meals, the cost of a cup of coffee, and the labor hours required to earn an iPod Nano. No longer online.

Your Wealth Puzzle offers a neat infographic that could be useful in a consumer education course. The infographic uses a board game format to demonstrate the steps a person needs to take in order to build and maintain a good credit rating. No longer online.


Visual Economics designs infographics to educate people about various topics in economics. One of their infographics that I like is How Do Americans Save Money? The infographic explains the differences between saving and savings and what disposable income is. The infographic also defines consumer confidence the sentiment index.

The New York Times offers an interactive infographic designed to help people determine when it makes financial sense to buy a home rather than rent a home. Users of the interactive infographic can enter variable data such as home price, interest rates, rent prices, rental rate increases, and housing market changes to determine when it's best to buy a home rather than rent. Users can also account for information like insurance rates, condo fees, and opportunity costs.

On Man vs. Debt I found the Student Loan Scheme infographic about student loans. Produced by CollegeScholarships.org the infographic features a flowchart that explains how student loans can burden people for years. As someone who, after ten years, relatively recently paid off his relatively modest student loans, I can tell you that I am happy my student loans were not any bigger. This infographic presents some good information for students and parents to consider before signing-on for tens of thousands of dollars in debt.

Through Michael Smith's Principals Page blog I discovered The Cost of Dropping Out produced by Teacher Certification Map and MAT@USC | Master’s of Arts in Teaching. The infographic shows the costs to individuals and to the community of dropping out of high school. I've dropped the infographic into Zoom.it to make it fit below.No longer online.


Follow the Money is a video that summarizes the data collected on Where's George? Where's George? is a website that was established for the purpose of tracking the travels of one dollar bills.


China Widens Its Reach is an interactive infographic produced by Forbes. The purpose of the infographic is to allow visitors to view the investments China has made in other countries. Click on any transaction in the infographic to view the details of each investment. (The image below is a screen capture of the infographic, clicking it will take you to the real infographic on Forbes.com)

The Food Price Rollercoaster is an infographic produced by the World Food Programme to illustrate fluctuations in food prices over the last three and one-half years. The infographic highlights some major world events that happened at the same time as some large food price fluctuations. The infographic also illustrates the disparity between what families in rich countries spend on food and what those in poorer countries spend on food.