High school students should graduate with an understanding of:
• How career choices impact income;
• How educational attainment impacts income and the likelihood of employment; and
• How what you study in post-secondary education (like a college major) will impact income and the likelihood of employment.
Activities that increase job and income opportunities have costs and benefits that should be identified and understood. High school students should explore many career options and have an understanding of the sources of personal income (wages, salaries, interest, rents, capital gains, dividends and profits) and the factors that will affect their take-home pay (like social security and city, state and federal income taxes).
Financial Literacy courses are vitally important for students. They provide students with a solid foundation in life skills – from how to balance a check book to saving for retirement. Students who participate in these courses are equipped to be fiscally responsible members of society.