As you may have learned, economics is all about making wise choices as citizens, workers, and consumers.
The Econ Ed Live! App, which is a part of our award winning economic education curricula, allows you to visualize and understand how inflation and the cost of credit can affect your spending and savings decisions. What you find may surprise you!
With the app, you can:
• Investigate the cost of goods and services purchased in one year compared to another year.
• Use interactive graphs to compare inflation rates at various points in our nation’s history.
• Examine how interest rates, monthly payments and time can affect the overall cost of using credit.
• Play two challenge games to see how well you can estimate the cost of credit and the price of goods and services over time.
The app is free to download. If you encounter problems or have suggestions for improving our app, please contact us at [email protected]
For more information about the Federal Reserve Bank of St. Louis' economic education and personal finance courses, please visit http://www.stlouisfed.org/education_resources/.