2nd 9 Weeks
Warm up #1
1.What’s the surest method of accumulating $1 million- saving or gambling? 2.Whenever you have extra money (as a gift, from your paycheck, etc.) what do you do with it? 3.Go to https://www.bankrate.com/calculators/savings/save-million-calculator.aspx to figure out how much you have to save each month to reach a million by retirement age. •Consider when you want to retire (avg. 65) & how much you think you can save once you’ve started your career. •How much do you need to invest each month to reach $1 million, at what interest rate and at what retirement age? Warm up #3
1.What does the image to the right represent? How does it relate to investing? 2.Provide 2 examples for each of the following: •High risk investments •Moderate risk investments •Low risk investments Warm up#5
1.Is the flour used by a baker counted in GDP? Why or why not? 2.How does GDP contribute to overall well-being? 3.In the 2020 Census, what kind of information do you think should be collected about the U.S. Population? 4.How might the life expectancy of baby boomer after retirement affect the retirement age of their children? Warm up #7
1. What kind of irresponsible lending practices were banks using during the Housing Bubble? 2. Do you think recessions are a normal part of the business cycle? Why or why not? 3. How does human behavior impact economic uncertainty? Make it better or worse? Why? Warm up #9
•When looking at political candidates, are you voting for people who are prioritizing the same areas that you do when it comes to taxes and spending? If not, what are you considering then? •Write a response to this quote: –“When you start cutting government expenditure, at some point you are cutting essential services rather than excessive services. So you have to take into account the social costs involved in cutting government spending”-Raghuram Rajan (economist) |
Warm up #2
1.What are your financial goals? Short term or Long Term. 2.What types of savings or investing accounts do you think will help you reach those goals? 3.What’s the safest way to hang on to your money? 4.How much risk do you think you can handle when it comes to your money? High, low, moderate? Why? Warm up #4
1.T or F: Impatient people tend to have worse credit scores. 2.T or F: The age group with the lowest credit scores on average are 18-24 years old. 3.T or F: Your credit score is only calculated based on your payment history. 4.T or F: In order to qualify for loans you need to have a near perfect credit score (850). 5.What type of businesses use your credit score? 6.Write a question that you have about credit. Warm up #6
1.Besides Education, Health, Family Structure & Geography, list 3 other factors that could make it difficult to escape poverty. 2.What are some assumptions you’ve made or people you know have made about people who live in poverty? Warm up #8
1.What are your thoughts on taxes? Are we paying too much/too little? Are they fair? Should anyone be paying more or less? 2.In which areas do you think the government spends most of our tax money (pick a top three)? 3.Of the following areas, which 5 do you think the government should spend most of your tax money on? Rank them from 1 to 5, 1 being the most important, 5 being least important. -Education -Prisons -Housing and Community -Food Stamps -National Parks -Interest on Debt -Food and Agriculture -Federal Courts -Energy and Environment -Military/ Defense/ Veterans -Science -Transportation -Social Security -Foreign Aid -Medicaid/ Medicare Warm up #10
1.When you’re deciding who to vote for, what are some red flags that a candidate may not be making fiscal responsibility a priority? 2.What are ways you can personally help decrease our national debt? 3.What are your after high school plans? Are you going to college, if so where? Are you taking a gap year? Planning to work, go to community college, military, vocational training, etc.? |