Warm Up 9/12 What is “Wealth Inequality?”

Slides:

Advertisements

Similar presentations

Why Do We Have Poverty? Economic Security. Why Do We Have Poverty? If there were an easy way to answer this question, we probably wouldnt have any poverty.

Advertisements

Social Structure Capitalism: the means of production (land, money, equipment) are privately owned Corporate capitalism: the economy is dominated by large,

Unit 5 – Class & Capitalism Intro Week. Kat Bellringer List at least 4 different terms used to describe how much money a person has. –Example: filthy.

Food Safety at Home & Work. How many of you help prepare food at home?

What is your chosen career? Choose the career that you want and could achieve with your current grades as an average. Name of Career: Average salary: Educational.

MAKING ENDS MEET Personal Budget for Type your name or family name.

State Employee Money Management. Important This is by no means a complete list of interventions and resources available, just a useful guide that may.

What job do you want, do you have the grades and determination to make it there?

Visions and Voices of Hope: Homeless as Humans What do you know about poverty and homelessness in Colorado Springs and the larger community?

NOTE: To change the image on this slide, select the picture and delete it. Then click the Pictures icon in the placeholder to insert your own image. Lesson.

Cost of Living Game Middle School Financial Literacy #3.

By: Jessica Medina Present There are currently 36.5 million Americans living in poverty. That’s about 1 in 8 of people Poverty is making kids go hungry.

The test will be on what we have covered over the past few weeks on The Family We will complete a revision session today to refresh things and to clear.

Social Class in the United States. Journal Take 2-3 minutes and reflect on the movie from last time. (What stood out, what surprised you, etc.) If you.

High price for education

How Scarcity and Choice affect what you want and what you need.

Patterns of Poverty and Wealth. Basic Rights and Expectations What do you expect you have a right to living in Australia? Put ONE answer on a piece of.

Exam preparation part 1.  1. A social service is a service that is free.  2. Everyone can benefit from these social services depending on their needs.

 Poverty affects people were they have no work or not enough money for food and water.The conditions they live in are terrible. People starve because.

It is very dangerous for our population when children don’t get educated. More girls than boys in the world are not in school. If girls are not educated,

Lesson Starter Briefly describe the inequalities that exist with housing. Outline the problem of homelessness. You have 5 minutes to complete this task.

MSCA6-1 Students will understand the personal nature of work and how it relates to them as individuals and as integral parats of society. a) Identify reasons.

Reality Town Wrap-Up Get out your handbook. ® When finished completing the “Reality Town Experience” pages move on to the next slide. Click for next.

Causes of the Great Depression. The rich get richer and the poor get poorer in the 20s F /5 of the nation’s wealth was owned by 2% of the pop.=

How It Impacts the Standard of Living. ??????? How It Impacts the Standard of Living.

{ Global Poverty Yuga Club Presentation by: Kerstenn & Veronica.

Things to Know about Insurance By: Alex Blecker. What types of insurance do people need? Most people just need insurance that covers their possessions,

Signs of Economic Times. Activity 1  Get with a partner  Write down on a piece of paper “indicators” of how our economy is doing  (HINT: where do we.

MATH BELL RINGERS SKILLS FOR EVERYDAY By: Mindy Lingo M.Ed. Sooner Scholar University of Oklahoma.

Objectives: Financial Paperwork Loan Options Home Options Home Ownership Mortgage Application Process.

Chapter 1 Personal Financial Planning

Social Stratification

spending money shopping budgeting

Federal Reserve Bank of Dallas El Paso Branch

Creating a Personal Budget

Bell-Ringer: Write a paragraph (5-8 sentences) using one of the following topics to describe YOUR “American Dream”. These are words that you and your.

Debt/Bankruptcy.

Natural Resources, Human Capital, Capital Goods, & Entrepreneurship

math BELL RINGERS: Skills for Everyday

Financial Literacy: Introduction and Financial Management

Disclaimer: The views expressed are those of the presenter and do not necessarily reflect those of the Federal Reserve Bank of Dallas or the Federal Reserve.

BUDGETING PROCESS How will you spend your money?

How do you pay for everything

Accessing Help in Calgary:

PERSONAL FINANCE.

Headlines Black students hindered by academic streaming, suspensions: Report Ontario launches basic income pilot for 4,000 in Hamilton, Thunder Bay, Lindsay.

Haili Queen 3/29/17.

Grade 7 Social Studies Chapter 3

Minimum Wage Should be Increased (Democrat’s Perspective)

Chapter 1 Personal Financial Planning

Warm Up 9/17 How great is the wealth gap between white and black in America? How much do you think this is due to prejudice? Why?

How It Impacts the Standard of Living

Chapter 3 Quiz TODAY.

Economies in Transition

Budgeting: How Not to Live Paycheck to Paycheck

Household Expenditure

The Art of Compromise.

Warm Up #1: 11/6/14 What do you think the median income is for the U.S.? What % of the population makes $100,000 and up in the U.S.? What do you think.

BUDGETING PROCESS How will you spend your money?

Weekly Training.

Warm Up On a separate sheet of paper, what are some things that you have bought recently? Are these things needed or wanted? What kind of things do your.

Learning Objective Agenda: 1. Dates to remember

Essential Declarative:

Housing Land Advocates– November 4, 2016

Budgeting and Financial Planning

Social Issues in the UK Health and Wealth Inequalities

To Do: (10 minutes to complete)

Requirements report should be on 8 by 10 paper with your name in the upper right corner and stapled. There are 10 pages to the exam including the cover.

Presentation transcript:

Warm Up 9/12 What is “Wealth Inequality?” What are your thoughts about it? Is it a problem?

Wealth Inequality

Wealth vs Income Income: how much money you make Wealth: how much money you have Wealth or Income inequality is all about who gets access to what services.

Income Inequality First we will make sure we understand what life looks like for each level of income. You will be sorting statements into which economic group they would be true of.

Income Inequality Find a partner. Make this chart on one page in BOTH binders. Extreme Poverty Poverty Working Class Middle Class Upper Class Top 1%

Income Inequality You will be sorting statements into the POOREST group that you think that statement is true of. “Can afford to breathe air” would go in Extreme Poverty because everyone can afford that. “Can afford a 15 million dollar house” would go in Top 1%.

Income Inequality You will need to cut out the statements before you start. Don’t worry about attaching them to the chart, you will write in the correct answers when you are finished.

Income Inequality Wealth References (for a family of 4): EXTREME POVERTY: less than $4,000 a year POVERTY: less than $24,000 a year WORKING CLASS: $24,000-$48,000 a year MIDDLE CLASS: $48,000-$144,000 a year UPPER CLASS: $144,000 and up TOP 1%: at least $450,000 a year

Income Inequality Now you will write in the correct answers on the chart you didn’t use.

Extreme Poverty Poverty Working Class Middle Class Upper Class Top 1% Vote in all states Public Transit Would not starve Can buy used clothes Used car, bad condition Coffee, etc. Always enough food Children can apply to any college Rent in poor areas College if kids take loans Restaurant once a month Reasonably priced new car Family provides economic support. Dental Care Afford to move Own property in Kent, Renton Take out Library books Public Schools Basic Medical care Club sports College debt-free House in Seattle etc. Boat in a marina Vacation 2x a year Private School Vacation home Luxury cars

Income Inequality Copy those into both binders. Paper-clip all of the statements into one pile. Discuss: Which of these surprised you the most?