1. 2/25/14 “Pew research study” 1.Based on this research study, what do you think are the two most important economic differences between Millennials who get at least a bachelor’s degree and those who only graduate from high school? 2.Why are these the most important? On desk: Pew Research Study & wksht.

2. Millennials with…At least bachelor’s degreeHigh school diploma only Work “just a job…” College “has/will pay off” Median salaries Unemployment rate % living in poverty % “very satisfied” with job 1965 salaries 2013 salaries

3. Based on this research study, what do you think are the two most important economic differences between Millennials who get at least a bachelor’s degree and those who only graduate from high school? After reading this research study, do you think it is worth it economically to go to college? Why or why not?

4. 2/25/14 Econ. Agenda 1.Credit card payments & credit card debt (class notes) 2.Credit card interest payments (online calculator) HW: Credit card interest payments wksht.

5. 2/25/14 Class Notes – credit card payments debt: something that is owed repossession: to take something back Example: When Harrison couldn’t make his mortgage payments, the bank repossessed his house.

6. 2/25/14 Class Notes – credit card payments How do credit card companies make $$? 1.Lend you MONEY. 2.Charge you INTEREST for borrowing that money. 3.Put you in DEBT. You have 3 repayment options every month: 1.Minimum payment (set by c.c. company) 2.Partial payment 3.Full payment

7. Class Notes Minimum Payment Pay only the minimum $ to avoid late fees Unpaid balance added to next month’s bill Pay APR interest Interest compounded **Only do this if you HAVE to!** Partial Payment Pay more than minimum payment, but not full amount **Do this instead of minimum payment** Full Payment Pay full credit balance Pay NO APR interest **ALWAYS do this!**

8. Why is it important to pay more than just your minimum payment every month? http://www.youtube.com/watch?v=Vz05A 6cP6Iw

9. To-Do: Credit card repayment calculator http://www.calculatorweb.com/calculat ors/creditcardmincalc.shtml http://www.calculatorweb.com/calculat ors/creditcardmincalc.shtml Figure out how much interest you will pay on purchases if you only pay the minimum amount required by your credit card!