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

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.

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