1. Career Unit Clearfield High School Financial Literacy Course “Value of a Job & Earning Power”

2. Where Does Money Come From? Allowance Fundraising Gifts Interest Working Bonus Scholarships Borrowing

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

4. What is a Job? Work role within a specific organization Paid or unpaid Examples: Lawn mower at golf course Secretary at law firm Brain surgeon at hospital

5. What is an Occupation? A wide category of jobs with similar characteristics Example: Educator (occupation) High school teacher (job) Youth group leader (job) Community volunteer (job)

6. What is a Career? A lifetime journey of building and making good use of your skills, knowledge and experiences Influenced by: Family Friends Education Work Leisure activities

7. Balloon Tower Activity 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

8. Balloon Tower Discussion 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?

9. Standard of Living 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

10. 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

11. 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?

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

13. Education vs. Income 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

14. Education vs. Income Activity 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

15. ORANGE If you are holding an orange card please sit. These 6 people represent 19.6% of the U.S. population who did not graduate from high school or earn a GED. On average, they earn $16,234 per year, the lowest wages of all workers Congratulations! Everyone remaining finished high school.

16. RED If you are holding a red card please sit. These 9 people represent 28.6% of the U.S. population who graduated from high school or earned a GED. On average, in the United States, they earn $24,885 per year. Congratulations! The remaining decided to further their education.

17. GREEN If you are holding a green card please sit. These 7 people represent 25% of the U.S. population who dropped out of college without finishing a degree. On average, in the United States, they earn $28,264 per year which is only a little more than high school graduates. They enter the job market at basically the same level as high school graduates. Congratulations! The remaining finished some level of post-secondary education.

18. YELLOW If you are holding a yellow card please sit. These 2 people represent 6.3% of the U.S. population who received their associate degree. On average, in the United States, they earn $36,644 per year. Jobs requiring an associates degree are expected to grow 32% between now and 2010. These people are prepared for this significant change in the job market.

19. BLUE If you are holding a blue card please sit. These 5 people represent 15.5% of the U.S. population who received their bachelor’s degree. On average, in the United States, they will earn $48,892 per year, which is almost twice what a high school graduate earns.

20. PURPLE If you are holding a purple card please sit. These 4 people represent 8.9% of the U.S. population who have completed their graduate or professional degree. On average, the master’s degree earns $63,205 per year and the doctorate degree earns $86,036 per year, and the professional degree earns $96,779 per year.

21. Education vs. Income Educational Attainment U.S. Average Income % U.S. Population Not a high school graduate$16,23419.6% High school graduate including GED$24,88528.6% Some college, no degree$28,26421.0% Associate Degree$33,6446.3% Bachelor’s Degree$48,89215.5% Master’s Degree$63,205 8.9% Doctorate Degree$86,036 Professional Degree$96,779

22. Traits of Successful Workers Traits employers seek include: Extra curricular activities Member of school organizations Part time job

23. LIFE AFTER HIGH SCHOOL 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!