The Value of Education

May 6th, 2015

Warm Up

Define the following:

1. Asset
2. Gross Income
3. Payroll Deductions

Learning Objective:  Students will understand how to be financially responsible.

Success Criteria: Students will be able to identify some of their assets and and explain the financial value of their education.







Why does education matter?

Economically speaking it increases your ability to earn money so you can better meet your wants and needs.

But by how much?

The difference between graduating high school and dropping out is ...

$10,963 A YEAR in earnings

Some college adds an extra $5,983 A YEAR to your income

A 2 year degree adds an extra $4,293 A YEAR to your income

A 4 year degree or higher adds an extra $19,242 A YEAR to your income

The average difference between a high school drop out and a 4 year college graduate...

$40,481 A YEAR in income

So how much does each class add to your lifetime income?  i.e. How much is each class period actually worth in terms of dollars? (Assuming you graduate high school in 4 years)

All data comes from the 2010 US Census.

Complete pages 4 & 5 of your packets using the booklet.

DO NOT WRITE ON THESE BOOKLETS!!!!!

DO NOT TAKE THESE BOOKLETS OR PACKETS WITH YOU!!!

Electronic copies of both can be found on the class blog under the packets section over there.