What should we expect our eighth-grade students to know about “Income and Careers?” I’ve done an article about fourth-graders on this topic which is a part of a bigger issue and that is what our children are being taught in school with respect to how to handle money.
With respect to “Income and Careers” there are three sub-points called “Standards.”
Standard One has to do with the student understanding career options.
The eighth-grade student is expected to be able to explain how training and education can positively affect your education. Who are people that can give references to get a job? Where can a person find information about careers such as online references and printed materials?
I think this is very important: Students are expected to be able to explain identify what requirements, income potential and primary duties of at least to careers.
Standard Two asks the student to understand inflation perhaps using online materials to calculate the properties of money.
The student should be able understand the difference between earned and unearned income. Further there is dividends and commissions to name just a couple of other types of income.
One of the tough things when you reach high school graduation age is trying to understand where to invest your time and further sometimes it has a lot to do with whether or not you have parents who can support you while you chase your dreams. Do you work or study or both?
Standard Three asks the eighth-grade student to explain factors affecting take-home pay.
This would include Medicare, Social Security, pension plans and various forms of taxation. When we are younger we tend to think that five dollars an hour equals 50 dollars for a ten-hour work week.
I know when I went through school we knew nothing about this type of thing. It was the savvy parent indeed in the 1950s who thought enough to share things about taxes. However, things were also so much different then.
I saw a commercial on an old episode of “Tales of Tomorrow.” In the commercial the husband and wife were happy about the fact they were having $7.50 per week taken out of the husband’s salary which in 40 years was going to give them a retirement nest egg of $4,300.00. Yes, times have changed.
Today we live in an economy that boasts inflation, recession, unemployment and repossession. That is what our kids see every day. If that is what we are going to hand to them then let’s give them a way to deal with it.
“Income and careers,” Eighth-Grade Standards, Article, JumpStart Coalition
Associated Content Website, Gary Davis, “Teaching the Relationship of Income and Careers to Fourth Graders”