1. Career Unit Davis 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. 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

8. 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

9. 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?

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

11. 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

12. 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

13. 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!

14. What are Your Interests? Reading Building & Fixing Things Law Math Science Music & Arts Sports Helping People Managing Money Social Studies Nature Computers Identifying personal interests at an early age is important in choosing a future career

15. Career Research Assignment Career Research Worksheet Choose a career to research (it can be one from the Personality Mosaic or another one that interests you) Use Bureau of Labor Statistics web site to complete the worksheet: www.bls.govwww.bls.gov