May the 4th be with you, 2015
Warm Up
What is a budget and why is making one important?
Learning Objective: Students will understand how to be financially responsible.
Lesson: 3 Income classes
We divide people into 3 income groups based on our income; upper, middle, lower.
Upper class is the wealthiest in our country
Middle class is where you can afford to meet your needs and some of your wants
Lower class is where you struggle to meet your basic needs
What is poverty?
poverty = not having enough money to meet most or all of your needs
government programs such as free school lunch & food stamps are only given to those who qualify as living in poverty
According to the 2010 census, 29% of people living in Milwaukee are considered living in poverty compared to 13% of the State of Wisconsin as a whole.
35% of Hispanics and 41% of African Americans in Milwaukee are living in poverty. - JSonline
Let's play a game and see if we can make it 1 month living in poverty...
Why is poverty bad?
"Poverty extends into every arena of society and is associated
with many social and economic problems. Poverty is
intimately related to inadequate nutrition, food insecurity,
exposure to environmental toxins, family and street violence,
residential instability, mental health issues, decreased
educational attainment, and decreased access to employment
opportunities among other detrimental issuesviii. The local
economy weakens because without a strong employment
pool, private sector businesses lack incentive to stay in our
community and provide much-needed jobs to all residents." - Social Development Commission
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