1. Does Money Grow on Trees?
Earning Power

2. Your Future How do you see your future? Draw a picture of it…
How much money do you have?
Where do you live?
What does your house look like? Family? Vacation?

3. Where does Money come from?
Allowance
Working
Bonus
Fundraising
Scholarships
Gifts
Interest
Borrowing

4. Why Do People Work? To feel personal satisfaction
To improve their skills
To earn money

5. Not high school graduate
Education Matters
Which education level has the opportunity to earn the highest income?
Education Level
Type of Work
U.S. Average Income (2011)
Not high school graduate
Job
$25,100
High school graduate
Job, occupation
$35,400
Associate degree
Job, occupation, career
$44,800
College degree
$56,500
Graduate degree
$91,000

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

7. Well-being 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

8. Think Ahead
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?

9. Fertilize your Future OR OR
Plan NOW for your desired standard of living…
Education helps a person reach their financial goals OR OR

10. “Living on Minimum Wage”
Warmth
Taking the bus/walking
Movie theater, buns, spending money
Relationship issue (divorce)
Health insurance, medical issues

12. Less than a high school diploma
US Department of Labor
Unemployment rate in 2006
Education attained
Median weekly earnings in 2006
Median yearly earnings in 2006
(Percent)
(Dollars)
1.4
Doctoral degree
$1,441
$74,932
1.7
Master's degree
1,140
59,280
2.3
Bachelor's degree
962
50,024 3
Associate degree
721
37,492
3.9
Some college, no degree
674
35,048
4.3
High-school graduate
595
30,940
6.8
Less than a high school diploma
419
21,788

14. Bureau of Labor Statistics