Answer:

Questions:

• What do you expect these numbers in the U.S. to be in 10 years? Explain. 
• Do people shop more in the U.S. because of the large number of retail stores OR are there so many retail stores in the U.S. because people shop more here? 
• Of your last five purchases, how many were made at a physical store vs. online? 

Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (from Irrelevant Investor):

In a recent Barron’s article, The Retail Reckoning Has Just Begun, they identified one of the main drivers of their [retailers] demise. Simply put, there is too much supply [of retail space]. 

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The game has changed...more purchases are being influenced by social media and yes, we have a NEW lesson on that: Social Media and Spending. 

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.