Be advised that there are two major parts to this standard: comparing annual salaries for multiple occupations with differing education levels, and seeing the effects different salaries have on lifetime income.
Students can research the average salary for occupations they are interested in and compare among them. The comparison should be key. Also, don’t forget about having students pick occupations that require no post-secondary schooling such as Associate’s Degree, Bachelor’s Degree, Master’s Degree, etc. This will also allow them to realize if the career they are interested in requires college education.
Josie researched the following careers to see which one she might be interested in pursuing.What relationship can Josie find between the average salary and education required for these careers?
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6.14 Personal financial literacy. The student applies mathematical process standards to develop an economic way of thinking and problem solving useful in one's life as a knowledgeable consumer and investor. The student is expected to:
(H) compare the annual salary of several occupations requiring various levels of post-secondary education or vocational training and calculate the effects of the different annual salaries on lifetime income