1. Financial Fitness for Life Grades 9-12 Lesson 2: The Economic Way of Thinking

2. The Handy Dandy Guide
1. People choose. 2. People’s choices always have costs. 3. People respond to incentives in predictable ways. 4. People create economic systems that influence choices and incentives. 5. People gain when they engage in voluntary, non-fraudulent trade. 6. People’s choices have consequences for the future.

3. Earnings by Educational Attainment Earnings by Educational Attainment, 2017
Median usual weekly earnings
Doctoral degree
$1,743
Professional degree
$1,836
Master’s degree
$1,401
Bachelor’s degree
$1,173
Associate’s degree
$ 836
Some college, no degree
$ 774
High school diploma
$ 712
Less than a high school diploma
$ 520
Average
$ 907
Note: Data are for persons age 25 and over. Earnings are for full-time wage and salary workers.
Source: Current Population Survey, U.S. Department of Labor, U.S. Bureau of Labor Statistics