Syracuse High School Financial Literacy Course

Allowance Fundraising Gifts Interest Working Bonus Scholarships Borrowing

To feel personal satisfaction To improve their skills To earn money

Work role within a specific organization Paid or unpaid Examples: Lawn mower at golf course Secretary at law firm Brain surgeon at hospital

A wide category of jobs with similar characteristics Example: Educator (occupation) High school teacher (job) Youth group leader (job) Community volunteer (job)

A lifetime journey of building and making good use of your skills, knowledge and experiences Influenced by: Family Friends Education Work Leisure activities

Goal: Build the tallest free-standing balloon tower using only small balloons and masking tape. Challenge: Each group has a different education level with certain skills/limitations. High School dropout High School graduate Associate degree (2 years of college) College degree (bachelor’s) Graduate degree (master’s) Solution: Work together/team work

Which group had to work the hardest to build the balloon tower? Why? Why were some groups more successful than others? How did the education level relate to the degree of the assigned limitations? How might a person get the “skills” needed for the opportunity to have a career and earn a higher income?

A standard of living is the minimum necessities thought to be essential Millionaire – fancy food, mansion, new car College student – mac n’ cheese, small apartment, used car Need – essential items required for life Food, water, shelter Want – unnecessary but desired items iPod, car, designer clothes

The state of being happy, healthy, and prosperous Impacted by: How money is gained Career choice How money is spent Personal financial choices can affect an individual or entire family’s overall well-being

Identify a desired standard of living at an early age to determine: Level of education needed Type of job to have Desired career path Future needs and wants Income level What do you want to be when you grow up?

OR Plan NOW for your desired standard of living... Education helps a person reach their financial goals!

Higher Education = Higher Estimated Lifetime Earnings “Education is essential in getting a high-paying job. In fact, for all but 1 of the 50 highest paying occupations, a college degree or higher is the most significant source of education or training. Air traffic controller is the only occupation of the 50 highest paying for which this is not the case.” - Bureau of Labor Statistics Occupation Outlook Handbook

Stand up with your colored square “Everyone standing represents the people who started high school.” This activity will show the different paths people can choose during their lifetime and the different results.” -US Census Bureau Data

Educational Attainment U.S. Average Income % U.S. Population Not a high school graduate$16, % High school graduate including GED$24, % Some college, no degree$28, % Associate Degree$33,6446.3% Bachelor’s Degree$48, % Master’s Degree$63, % Doctorate Degree$86,036 Professional Degree$96,779

Traits employers seek include: Extra curricular activities Member of school organizations Part time job

What are you going to do after high school? Planning for one’s future is not an easy task, BUT it must be addressed to reach future success!