8-1a: Discuss the advantages and disadvantages of working in the same occupation or profession for many years.

8-1b: Compare the education and training requirements for at least two careers.

8-1c: Interview a person who is in a career of interest and create a timeline that shows the progression of their education, training, and job experiences.

8-2a: Compare the education and training requirements, income potential, and primary duties of at least two jobs available to high school students.

8-2b: Conduct research on a specific career field. Describe the education, job, or career decisions individuals in this field might make over their lifetime and explain how this could affect their income potential and opportunities.

8-2c: Assess personal skills and interests and match them to various career options.

8-3a: Investigate training opportunities that can increase a person's ability to obtain higher paid employment during high school.

8-3b: Explain why adults with a college education may earn more than adults with no education beyond high school.

8-3c: Discuss how specific skills training can improve a young person's human capital, productivity, and income-earning potential.

8-3d: Gather data on the average wage or salary for different jobs and explain how they differ by the level of education, job skill, or years of experience.

8-4a: Describe the opportunity costs of attending a training course on babysitting, lifeguarding, or first aid.

8-4b: Compare the costs of post-secondary education with the potential increase in income for a career of choice.

8-4c: Explain why families/caregivers might choose to help pay for education and training of younger family members.

8-5a: Differentiate between gross and net income.

8-5b: Identify common types of payroll deductions.

8-5c: Explain how taxes impact take-home pay.

8-6a: Identify the different groups of people who qualify for Social Security benefits.

8-6b: Research the Social Security tax rate for someone who is self-employed vs. someone who is working for an employer.

8-6c: Given information on a worker's income and today's Social Security tax rates, calculate what the worker and the worker's employer will pay in Social Security taxes.

8-6d: Investigate Social Security benefits for people of different income levels at their full retirement age.

8-7a: Illustrate the relationship between income level and income tax paid.

8-7b: Describe how taxes are paid on tip income.

8-7c: Research the consequences of failing to pay income taxes.

8-8a: Explain the financial situation addressed by Medicaid and SNAP (Supplemental Nutrition Assistance Program).

8-8b: Give several examples of personal circumstances that qualify for government income support or assistance.

8-9a: Investigate the motivating factors to being self-employed or working as an independent contractor in the "gig" economy.

8-9b: Discuss why starting a new business could be riskier than other career choices.

8-9c: Research common reasons for new business failures.

8-1a: Identify personal goals for spending and saving.

8-1b: Create a budget that includes expenses and savings out of a given amount of income.

8-1c: Explain why people with identical incomes make different choices for spending, saving, and managing money.

8-1d: Discuss the budgeting challenges faced by people living on minimum wage.

8-2a: Select an item and gather information from the manufacturer's website, retail websites, and consumer review websites.

8-2b: Explain the types of information most helpful in making a purchase decision.

8-2c: Identify misleading or deceptive information about consumer goods or services found in online and print sources.

8-2d: Discuss ways to verify a claim expressed in advertising for an age-appropriate product.

8-3a: Evaluate information about goods and services based on reliability and accuracy of the source.

8-3b: Assess strengths and weaknesses of various online and printed sources of product information.

8-3c: Identify sources of product information that are less useful for buying decisions due to incentive conflicts of the information provider.

8-4a: Explain the difference between a debit card and a credit card.

8-4b: Explain how various payment methods are used to purchase goods and services.

8-4c: Summarize the advantages, disadvantages, risks, and protections of various payment methods.

8-4d: Choose and justify a preferred payment method for purchases of at least three different types of goods and services.

8-1a: Identify the most common reasons that people save money for the future.

8-1b: Create a savings plan that will allow someone to make a large purchase in one year, 5 years, and 10 years.

8-2a: Compare personal attitudes toward saving to those of a friend or relative.

8-2b: Explain how a person's personality type might affect their willingness to save or to stick to a savings plan.

8-2c: Identify life situations that can make it difficult for a person to save or to stick to a savings plan.

8-2d: Discuss how savings decisions can affect financial well-being.

8-3a: Compare and contrast different types of financial institutions and their products and services.

8-3b: Compare the interest rate paid by a financial institution on savings accounts to the interest charged by the same institution on loans.

8-3c: Explain how financial institutions get the money to pay interest to their customers who deposit money in savings accounts.

8-4a: Differentiate between principal and interest.

8-4b: Demonstrate how earning a higher interest rate on money in a savings account will help a person to reach their savings goal sooner.

8-4c: Use the Rule of 72 to approximate how many years it will take for savings to double in value at different rates of interest.

8-5a: Explain the benefit of compound interest as compared with simple interest.

8-5b: Demonstrate how annual interest earned increases over time when both the original principal and earned interest are left in a savings account.

8-6a: Explain the importance of federal deposit insurance.

8-6b: Compare Federal Deposit Insurance Corporation (FDIC) and National Credit Union Administration (NCUA) insurance coverage limits for checking and savings accounts offered at financial institutions.

8-6c: Identify types of accounts that do not offer deposit insurance.

8-1a: List the potential benefits of investing money in a financial asset.

8-1b: Explain why some people might prefer to buy investments that grow in value over time instead of investments that pay regular income.

8-2a: Define common types of financial assets.

8-2b: Demonstrate how to find the current prices of stocks, bonds, and mutual funds.

8-2c: Discuss how some financial assets can be harder to sell quickly (e.g. stocks traded on an exchange versus real estate).

8-3a: Compare corporate and government bonds.

8-3b: Calculate the amount of annual interest income an investor would receive from a corporate bond offering at a given coupon interest rate.

8-4a: Select a stock and find the dividends it paid last year and how much the price of the stock has changed over the year.

8-4b: Explain the potential risks and rewards of investing in corporate stock.

8-5a: Explain the concept of investment diversification both within and among different asset classes.

8-5b: Discuss the advantages and disadvantages of investing in a diversified stock or bond mutual fund versus individual stocks and bonds.

8-6a: Compare rates of return on different types of investments and order them by risk.

8-6b: Identify investments that would be most appropriate for people who are uncomfortable with taking financial risk.

8-7a: Explain the concept of compounding.

8-7b: Estimate the future value of a lump sum invested today for a specified period of time and rate of return.

8-7c: Estimate the future value of a regular series of equal annual investments for a specified period of time and rate of return.

8-7d: Demonstrate the difference in wealth accumulation for a person who begins to invest regularly at age 30 versus someone who starts at age 40.

8-1a: Identify financial institutions and businesses that offer consumer credit.

8-1b: Compare lenders based on type of credit offered, interest rates, and fees.

8-1c: Explain how market conditions impact interest rates.

8-2a: Describe how lenders advertise loan costs to potential borrowers.

8-2b: Calculate APR, given annual interest and loan amount.

8-2c: Investigate what happens to a low introductory interest rate when the borrower misses a payment or makes a late payment.

8-3a: Describe the effect of higher interest rates and longer loan terms on the total cost of a loan.

8-3b: For a given monthly payment, loan amount, and loan repayment period, calculate the total amount of interest paid by the borrower.

8-4a: Explain why credit card interest rates tend to be higher than rates for secured loans, such as automobile loans.

8-4b: Describe how a credit card user can minimize interest charges on their credit card purchases.

8-5a: Identify the types of information contained in a credit report.

8-5b: Discuss how a borrower's credit history can impact their borrowing costs.

8-6a: Explain why using credit to finance education and housing could be beneficial.

8-6b: Assess the benefits and costs of using credit to finance education and housing versus using credit to purchase food and clothing.

8-6c: Justify the use of credit for a specific purchase.

8-7a: Identify indicators that a person has accumulated too much debt.

8-7b: Predict the possible consequences of having a lot of debt payments relative to income.

8-1a: Describe how an unexpected event that damages health or property can impact a family's financial situation.

8-1b: Explain how advance planning can reduce the financial impact of an event that causes damage to personal property.

8-2a: Describe ways in which having insurance can protect a person from financial loss.

8-2b: Explain what might happen to people who cannot afford to buy insurance for a particular risk or who choose not to buy it.

8-3a: Discuss how people use insurance to share the risk of financial loss.

8-3b: Explain why insurers commonly charge higher premiums to people who are higher risk (e.g. auto insurance for drivers with a bad accident record, flood insurance for houses on the coastline).

8-4a: Describe how each of the following out-of-pocket insurance costs affects policyholders: premium, deductible, copayment, and coinsurance.

8-4b: Given information about premiums, deductibles, copayments, and coinsurance, calculate out-of-pocket costs for a hypothetical insured loss.

8-5a: Give examples of how people manage the risk of financial loss through risk avoidance, reduction, retention, and transfer.

8-5b: Identify ways in which an automobile driver can avoid, reduce, or transfer the risk of being in a crash.

8-5c: Weigh the costs and benefits of buying cell phone insurance versus accepting the risk.

8-6a: Describe types of purchases where extended warranties are typically offered as an add-on purchase.

8-6b: Analyze the costs and benefits of purchasing an extended warranty on a specific item (e.g. cellphone, laptop, or vehicle).

8-7a: Explain methods used by identity thieves to obtain personal information to commit a crime.

8-7b: List actions that an individual can take to protect personal identification information.

8-7c: Describe steps people can take to safely manage their finances using mobile technology.