Core Curriculum Content Standards

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21st Century Life and Careers Standards Learning Progressions

9.2 Personal Financial Literacy All students will develop skills and strategies that promote personal and financial responsibility related to financial planning, savings, investment, and charitable giving in the global economy.
A. Income and Careers
By the end of Grade 4 By the end of Grade 8 By the end of Grade 12
Content: Educational achievement, career choice, and entrepreneurial skills all play a role in achieving a desired lifestyle.

9.2.4.A.1 Explain the difference between a career and a job, and identify various jobs in the community and the related earnings.
Content: Educational achievement, career choice, and entrepreneurial skills all play a role in achieving a desired lifestyle.

9.2.8.A.1 Relate how career choices, education choices, skills, entrepreneurship, and economic conditions affect income.
Content: Educational achievement, career choice, and entrepreneurial skills all play a role in achieving a desired lifestyle.

9.2.12.A.1 Analyze the relationship between various careers and personal earning goals.
Content: Income often comes from different sources, including alternative sources.

9.2.4.A.2 Identify potential sources of income and their limitations.
Content: Educational achievement, career choice, and entrepreneurial skills all play a role in achieving a desired lifestyle.

9.2.8.A.2 Differentiate among ways that workers can improve earning power through the acquisition of new knowledge and skills.
Content: Educational achievement, career choice, and entrepreneurial skills all play a role in achieving a desired lifestyle.

9.2.12.A.2 Identify a career goal and develop a plan and timetable for achieving it, including educational/training requirements, costs, and possible debt.
Content: Income affects spending decisions and lifestyle.

9.2.4.A.3 Explain how income affects spending and take-home pay.
Content: Educational achievement, career choice, and entrepreneurial skills all play a role in achieving a desired lifestyle.

9.2.8.A.3 Relate earning power to quality of life across cultures.
Content: Educational achievement, career choice, and entrepreneurial skills all play a role in achieving a desired lifestyle.

9.2.12.A.3 Analyze how the economic, social, and political conditions of a time period can affect starting a business and can affect a plan for establishing such an enterprise.
Content: Taxes and the cost of employee benefits affect the amount of disposable income.

9.2.4.A.4 Explain the meaning and purposes of taxes and tax deductions and why fees for various benefits (e.g., medical benefits) are taken out of pay.
Content: Educational achievement, career choice, and entrepreneurial skills all play a role in achieving a desired lifestyle.

9.2.8.A.4 Relate how the demand for certain skills determines an individual’s earning power.
Content: Educational achievement, career choice, and entrepreneurial skills all play a role in achieving a desired lifestyle.

9.2.12.A.4 Summarize the financial risks and benefits of entrepreneurship as a career choice.
Content: Income often comes from different sources, including alternative sources.

9.2.8.A.5 Explain the difference between “earned income” and “unearned income” (e.g., gifts) and why earned income is important.
Content: Educational achievement, career choice, and entrepreneurial skills all play a role in achieving a desired lifestyle.

9.2.12.A.5 Evaluate current advances in technology that apply to a selected occupational career cluster.
Content: Income affects spending decisions and lifestyle.

9.2.8.A.6 Examine how labor market trends and the cost of living can affect real income, spending decisions, and lifestyle.
Content: Income often comes from different sources, including alternative sources.

9.2.12.A.6 Analyze and critique various sources of income and available resources (e.g., financial assets, property, and transfer payments) and how they may substitute for earned income.
Content: Taxes and the cost of employee benefits affect the amount of disposable income.

9.2.8.A.7 Explain the purpose of the payroll deduction process, taxable income, and employee benefits.
Content: Income often comes from different sources, including alternative sources.

9.2.12.A.7 Analyze different forms of currency, how currency is used to exchange goods and services, and how it can be transferred from one person’s business to another.
Content: Taxes and the cost of employee benefits affect the amount of disposable income.

9.2.8.A.8 Differentiate among the types of taxes and employee benefits.
Content: Income affects spending decisions and lifestyle.

9.2.12.A.8 Analyze how personal and cultural values impact spending and other financial decisions.
Content: Taxes and the cost of employee benefits affect the amount of disposable income.

9.2.8.A.9 Differentiate between taxable and nontaxable income.
Content: Taxes and the cost of employee benefits can affect the amount of disposable income.

9.2.12.A.9 Demonstrate how exemptions and deductions can reduce taxable income.
Content: Taxes and the cost of employee benefits can affect the amount of disposable income.

9.2.12.A.10 Explain the relationship between government programs and services and taxation.
Content: Taxes and the cost of employee benefits can affect the amount of disposable income.

9.2.12.A.11 Explain how compulsory government programs (e.g., Social Security, Medicare) provide insurance against some loss of income and benefits to eligible recipients.
Content: Taxes and the cost of employee benefits can affect the amount of disposable income.

9.2.12.A.12 Analyze the impact of the collective bargaining process on benefits, income, and fair labor practice.
9.2 Personal Financial Literacy All students will develop skills and strategies that promote personal and financial responsibility related to financial planning, savings, investment, and charitable giving in the global economy.
B. Money Management
By the end of Grade 4 By the end of Grade 8 By the end of Grade 12
Content: Money management involves setting financial goals.

9.2.4.B.1 Differentiate between financial wants and needs.
Content: Money management involves setting financial goals.

9.2.8.B.1 Construct a simple personal savings and spending plan based on various sources of income.
Content: Money management involves setting financial goals.

9.2.12.B.1 Prioritize financial decisions by systematically considering alternatives and possible consequences.
Content: Money management involves setting financial goals.

9.2.4.B.2 Identify age-appropriate financial goals.
Content: Money management involves setting financial goals.

9.2.8.B.2 Justify the concept of “paying yourself first” as a financial savings strategy.
Content: Money management involves setting financial goals.

9.2.12.B.2 Compare strategies for saving and investing and the factors that influence how much should be saved or invested to meet financial goals.
Content: Money management is reliant on developing and maintaining personal budgets.

9.2.4.B.3 Explain what a budget is and why it is important.
Content: Money management involves setting financial goals.

9.2.8.B.3 Relate the concept of deferred gratification to investment, meeting financial goals, and building wealth.
Content: Money management involves setting financial goals.

9.2.12.B.3 Construct a plan to accumulate emergency “rainy day” funds.
Content: Money management is reliant on developing and maintaining personal budgets.

9.2.4.B.4 Identify common household expense categories and sources of income.
Content: Money management involves setting financial goals.

9.2.8.B.4 Analyze the effect of the economy on personal income, individual and family security, and consumer decisions.
Content: Money management is reliant on developing and maintaining personal budgets.

9.2.12.B.4 Analyze how income and spending plans are affected by age, needs, and resources.
Content: Money management requires understanding of cash flow systems and business practices.

9.2.4.B.5 Identify ways to earn and save.
Content: Money management involves setting financial goals.

9.2.8.B.5 Evaluate the relationship of cultural traditions and historical influences on financial practice.
Content: Money management is reliant on developing and maintaining personal budgets.

9.2.12.B.5 Analyze how changes in taxes, inflation, and personal circumstances can affect a personal budget.
Content: Money management requires understanding of cash flow systems and business practices.

9.2.4.B.6 Distinguish among cash, check, credit card, and debit card.
Content: Money management is reliant on developing and maintaining personal budgets.

9.2.8.B.6 Construct a budget to save for long-term, short-term, and charitable goals.
Content: Money management is reliant on developing and maintaining personal budgets.

9.2.12.B.6 Design and utilize a simulated budget to monitor progress of financial plans.
Content: Money management requires understanding of cash flow systems and business practices.

9.2.4.B.7 Explain the purposes of financial institutions in the community.
Content: Money management is reliant on developing and maintaining personal budgets.

9.2.8.B.7 Develop a system for keeping and using financial records.
Content: Money management requires understanding of cash flow systems and business practices.

9.2.12.B.7 Develop personal financial planning strategies that respond to and use tax deductions and shelters.
Content: Money management requires understanding of cash flow systems and business practices.

9.2.8.B.8 Explain the concept of cash flow and construct cash flow statements.
Content: Money management requires understanding of cash flow systems and business practices.

9.2.12.B.8 Describe and calculate interest and fees that are applied to various forms of spending, debt, and saving.
Content: Money management requires understanding of cash flow systems and business practices.

9.2.8.B.9 Create debit and credit balance sheets and income and cash statements.
Content: Money management requires understanding of cash flow systems and business practices.

9.2.12.B.9 Chart and evaluate the growth of mid- and long-term investments.
Content: Money management requires understanding of cash flow systems and business practices.

9.2.8.B.10 Determine the most appropriate use of various financial products and services (e.g., ATM, debit cards, credit cards, checkbooks).
Content: Money management requires understanding of cash flow systems and business practices.

9.2.12.B.10 Develop a plan that uses the services of various financial institutions to meet personal and family financial goals.
Content: Money management requires understanding of cash flow systems and business practices.

9.2.8.B.11 Justify safeguarding personal information when using credit cards, banking electronically, or filing forms.
Content: Money management requires understanding of cash flow systems and business practices.

9.2.8.B.12 Evaluate the appropriate financial institutions to assist with meeting various personal financial needs and goals.
9.2 Personal Financial Literacy All students will develop skills and strategies that promote personal and financial responsibility related to financial planning, savings, investment, and charitable giving in the global economy.
C. Credit and Debt Management
By the end of Grade 4 By the end of Grade 8 By the end of Grade 12
Content: Credit management includes making informed choices about sources of credit and requires an understanding of the cost of credit.

9.2.4.C.1 Explain why people borrow money and the relationship between credit and debt.
Content: Credit management includes making informed choices about sources of credit and requires an understanding of the cost of credit.

9.2.8.C.1 Compare and contrast the financial products and services offered by different types of financial institutions.
Content: Credit management includes making informed choices about sources of credit and requires an understanding of the cost of credit.

9.2.12.C.1 Compare and contrast the financial benefits of different products and services offered by a variety of financial institutions.
Content: Credit management includes making informed choices about sources of credit and requires an understanding of the cost of credit.

9.2.4.C.2 Identify common sources of credit (e.g., banks, credit card companies) and types of credit (e.g., loans, credit cards, mortgages).
Content: Credit management includes making informed choices about sources of credit and requires an understanding of the cost of credit.

9.2.8.C.2 Compare and contrast debt and credit management strategies.
Content: Credit management includes making informed choices about sources of credit and requires an understanding of the cost of credit.

9.2.12.C.2 Compare and compute interest and compound interest and develop an amortization table using business tools.
Content: Credit management includes making informed choices about sources of credit and requires an understanding of the cost of credit.

9.2.4.C.3 Compare and contrast credit cards and debit cards and the advantages and disadvantages of using each.
Content: Credit management includes making informed choices about sources of credit and requires an understanding of the cost of credit.

9.2.8.C.3 Demonstrate an understanding of the terminology associated with different types of credit (e.g., credit cards, installment loans, mortgages) and compare the interest rates associated with each.
Content: Credit management includes making informed choices about sources of credit and requires an understanding of the cost of credit.

9.2.12.C.3 Compute and assess the accumulating effect of interest paid over time when using a variety of sources of credit.
Content: Credit management includes making informed choices about sources of credit and requires an understanding of the cost of credit.

9.2.4.C.4 Determine the relationships among income, expenses, and interest.
Content: Credit management includes making informed choices about sources of credit and requires an understanding of the cost of credit.

9.2.8.C.4 Calculate the cost of borrowing various amounts of money using different types of credit (e.g., credit cards, installment loans, mortgages).
Content: Credit management includes making informed choices about sources of credit and requires an understanding of the cost of credit.

9.2.12.C.4 Compare and contrast the advantages and disadvantages of various types of mortgages.
Content: Credit worthiness is dependent on making informed credit decisions and managing debt responsibly.

9.2.4.C.5 Determine personal responsibility related to borrowing and lending.
Content: Credit worthiness is dependent on making informed credit decisions and managing debt responsibly.

9.2.8.C.5 Determine ways to leverage debt beneficially.
Content: Credit worthiness is dependent on making informed credit decisions and managing debt responsibly.

9.2.12.C.5 Analyze the information contained in a credit report and explain the importance of disputing inaccurate entries.
Content: Credit worthiness is dependent on making informed credit decisions and managing debt responsibly.

9.2.4.C.6 Summarize ways to avoid credit problems.
Content: Credit worthiness is dependent on making informed credit decisions and managing debt responsibly.

9.2.8.C.6 Determine potential consequences of using “easy access” credit (e.g., using a line of credit vs. obtaining a loan for a specific purpose).
Content: Credit worthiness is dependent on making informed credit decisions and managing debt responsibly.

9.2.12.C.6 Explain how predictive modeling determines “credit scores.”
Content: Credit worthiness is dependent on making informed credit decisions and managing debt responsibly.

9.2.8.C.7 Explain the meaning and possible consequences of “predatory lending practices.”
Content: Credit worthiness is dependent on making informed credit decisions and managing debt responsibly.

9.2.12.C.7 Explain the rights and responsibilities of buyers and sellers under consumer protection laws, and discuss common unfair or deceptive business practices.
Content: Credit worthiness is dependent on making informed credit decisions and managing debt responsibly.

9.2.8.C.8 Explain the purpose of a credit score and credit record, and summarize borrowers’ credit report rights.
Content: Credit worthiness is dependent on making informed credit decisions and managing debt responsibly.

9.2.12.C.8 Evaluate the implications of personal and corporate bankruptcy for self and others.
Content: Credit worthiness is dependent on making informed credit decisions and managing debt responsibly.

9.2.8.C.9 Summarize the causes and consequences of personal bankruptcy.
Content: Credit worthiness is dependent on making informed credit decisions and managing debt responsibly.

9.2.8.C.10 Determine when there is a need to seek credit counseling and appropriate times to utilize it.
9.2 Personal Financial Literacy All students will develop skills and strategies that promote personal and financial responsibility related to financial planning, savings, investment, and charitable giving in the global economy.
D. Planning, Saving, and Investing
By the end of Grade 4 By the end of Grade 8 By the end of Grade 12
Content: Information about investment options assists with financial planning.

9.2.4.D.1 Determine various ways to save.
Content: Information about investment options assists with financial planning.

9.2.8.D.1 Determine how saving contributes to financial well-being.
Content: Information about investment options assists with financial planning.

9.2.12.D.1 Summarize how investing builds wealth and assists in meeting long- and short-term financial goals.
Content: Appropriate application of basic economic principles leads to wiser decisions for individual, family, and business financial planning.

9.2.4.D.2 Explain the concept of “opportunity cost.”
Content: Information about investment options assists with financial planning.

9.2.8.D.2 Differentiate among various savings tools and how to use them most effectively.
Content: Information about investment options assists with financial planning.

9.2.12.D.2 Assess factors that influence financial planning.
Content: Appropriate application of basic economic principles leads to wiser decisions for individual, family, and business financial planning.

9.2.4.D.3 Explain what it means to “invest.”
Content: Information about investment options assists with financial planning.

9.2.8.D.3 Differentiate among various investment options.
Content: Information about investment options assists with financial planning.

9.2.12.D.3 Justify the use of savings and investment options to meet targeted goals.
Content: Appropriate application of basic economic principles leads to wiser decisions for individual, family, and business financial planning.

9.2.4.D.4 Distinguish between saving and investing.
Content: Information about investment options assists with financial planning.

9.2.8.D.4 Distinguish between income and investment growth.
Content: Information about investment options assists with financial planning.

9.2.12.D.4 Analyze processes and vehicles for buying and selling investments.
Content: Appropriate application of basic economic principles leads to wiser decisions for individual, family, and business financial planning.

9.2.8.D.5 Explain the economic principle of supply and demand.
Content: Information about investment options assists with financial planning.

9.2.12.D.5 Compare the risk, return, and liquidity of various savings and investment alternatives.
Content: Appropriate application of basic economic principles leads to wiser decisions for individual, family, and business financial planning.

9.2.8.D.6 Relate saving and investing decisions to successful entrepreneurship.
Content: Information about investment options assists with financial planning.

9.2.12.D.6 Explain how government and independent financial services and products are used to achieve personal financial goals.
Content: Appropriate application of basic economic principles leads to wiser decisions for individual, family, and business financial planning.

9.2.8.D.7 Calculate short- and long-term returns on various investments (e.g., stocks, bonds, mutual funds, IRAs, deferred pension plans, and so on).
Content: Appropriate application of basic economic principles leads to wiser decisions for individual, family, and business financial planning.

9.2.12.D.7 Relate savings and investment results to achievement of financial goals.
Content: Appropriate application of basic economic principles leads to wiser decisions for individual, family, and business financial planning.

9.2.8.D.8 Assess the impact of inflation on economic decisions and lifestyles.
Content: Appropriate application of basic economic principles leads to wiser decisions for individual, family, and business financial planning.

9.2.12.D.8 Differentiate among various investment products and savings vehicles and how to use them most effectively.
Content: Appropriate application of basic economic principles leads to wiser decisions for individual, family, and business financial planning.

9.2.12.D.9 Assess the role of revenue-generating assets as mechanisms for accruing and managing wealth.
Content: Appropriate application of basic economic principles leads to wiser decisions for individual, family, and business financial planning.

9.2.12.D.10 Compare and contrast the past and present role of government in the financial industry and in the regulation of financial markets.
Content: Appropriate application of basic economic principles leads to wiser decisions for individual, family, and business financial planning.

9.2.12.D.11 Determine the impact of various market events on stock market prices and on other savings and investments.
Content: Appropriate application of basic economic principles leads to wiser decisions for individual, family, and business financial planning.

9.2.12.D.12 Evaluate how taxes affect the rate of return on savings and investments.
Content: Appropriate application of basic economic principles leads to wiser decisions for individual, family, and business financial planning.

9.2.12.D.13 Analyze how savings, retirement plans, and other investment options help to shift current income for purposes of tax reporting and filing.
9.2 Personal Financial Literacy All students will develop skills and strategies that promote personal and financial responsibility related to financial planning, savings, investment, and charitable giving in the global economy.
E. Becoming a Critical Consumer
By the end of Grade 4 By the end of Grade 8 By the end of Grade 12
Content: The ability to prioritize wants and needs assists in making informed investments, purchases, and decisions.

9.2.4.E.1 Determine factors that influence consumer decisions related to money.
Content: The ability to prioritize wants and needs assists in making informed investments, purchases, and decisions.

9.2.8.E.1 Prioritize personal wants and needs when making purchases.
Content: The ability to prioritize wants and needs assists in making informed investments, purchases, and decisions.

9.2.12.E.1 Analyze and apply multiple sources of financial information when prioritizing financial decisions.
Content: Cost-benefit analysis informs responsible spending practices.

9.2.4.E.2 Identify ways interest rates add to the cost of goods and services.
Content: Cost-benefit analysis informs responsible spending practices.

9.2.8.E.2 Analyze interest rates and fees associated with financial services, credit cards, debit cards, and gift cards.
Content: The ability to prioritize wants and needs assists in making informed investments, purchases, and decisions.

9.2.12.E.2 Determine how objective, accurate, and current financial information affects the prioritization of financial decisions.
Content: Cost-benefit analysis informs responsible spending practices.

9.2.4.E.3 Evaluate financial information from a variety of sources.
Content: Cost-benefit analysis informs responsible spending practices.

9.2.8.E.3 Evaluate the appropriateness of different types of monetary transactions (e.g., electronic transfer, check, certified check, money order, gift card, barter) for various situations.
Content: The ability to prioritize wants and needs assists in making informed investments, purchases, and decisions.

9.2.12.E.3 Evaluate how media, bias, purpose, and validity affect the prioritization of consumer decisions and spending.
Content: Cost-benefit analysis informs responsible spending practices.

9.2.4.E.4 Apply comparison shopping skills to purchasing decisions.
Content: Cost-benefit analysis informs responsible spending practices.

9.2.8.E.4 Compare the value of goods or services from different sellers when purchasing large quantities and small quantities.
Content: Cost-benefit analysis informs responsible spending practices.

9.2.12.E.4 Evaluate business practices and their impact on individuals, families, and societies.
Content: Consumer protection includes providing information about the range of products and services and about consumer resources, rights, and responsibilities.

9.2.4.E.5 Explain what it means to be a responsible consumer and the factors to consider when making consumer decisions.
Content: Cost-benefit analysis informs responsible spending practices.

9.2.8.E.5 Identify the components of written and verbal contracts and the inherent responsibilities of the contracting parties.
Content: Cost-benefit analysis informs responsible spending practices.

9.2.12.E.5 Evaluate written and verbal contracts for essential components and for obligations of the lender and borrower.
Content: Consumer protection includes providing information about the range of products and services and about consumer resources, rights, and responsibilities.

9.2.4.E.6 Identify personal information that should not be disclosed to others and the possible consequences of doing or not doing so.
Content: Consumer protection includes providing information about the range of products and services and about consumer resources, rights, and responsibilities.

9.2.8.E.6 Evaluate how fraudulent activities impact consumers, and justify the creation of consumer protection laws.
Content: Consumer protection includes providing information about the range of products and services and about consumer resources, rights, and responsibilities.

9.2.12.E.6 Apply consumer protection laws to the issues they address.
Content: Consumer protection includes providing information about the range of products and services and about consumer resources, rights, and responsibilities.

9.2.4.E.7 Compare and contrast product facts versus advertising claims.
Content: Consumer protection includes providing information about the range of products and services and about consumer resources, rights, and responsibilities.

9.2.8.E.7 Recognize the techniques and effects of deceptive advertising.
Content: Consumer protection includes providing information about the range of products and services and about consumer resources, rights, and responsibilities.

9.2.12.E.7 Relate consumer fraud, including online scams and theft of employee time and goods, to laws that protect consumers.
Content: Consumer protection includes providing information about the range of products and services and about consumer resources, rights, and responsibilities.

9.2.12.E.8 Determine when credit counseling is necessary and evaluate the resources available to assist consumers who wish to use it.
Content: Consumer protection includes providing information about the range of products and services and about consumer resources, rights, and responsibilities.

9.2.12.E.9 Determine reasons for the increase of identity theft worldwide and evaluate the extent to which victims of identity theft are successful in fully restoring their personal identities.
9.2 Personal Financial Literacy All students will develop skills and strategies that promote personal and financial responsibility related to financial planning, savings, investment, and charitable giving in the global economy.
F. Civic Financial Responsibility
By the end of Grade 4 By the end of Grade 8 By the end of Grade 12
Content: The potential for building and using personal wealth includes responsibility to the broader community and an understanding of the legal rights and responsibilities of being a good citizen.

9.2.4.F.1 Demonstrate an understanding of individual financial obligations and community financial obligations.
Content: The potential for building and using personal wealth includes responsibility to the broader community and an understanding of the legal rights and responsibilities of being a good citizen.

9.2.8.F.1 Explain how the economic system of production and consumption may be a means to achieve significant societal goals.
Content: The potential for building and using personal wealth includes responsibility to the broader community and an understanding of the legal rights and responsibilities of being a good citizen.

9.2.12.F.1 Demonstrate an understanding of the interrelationships among attitudes, assumptions, and patterns of behavior regarding money, saving, investing, and work across cultures.
Content: The potential for building and using personal wealth includes responsibility to the broader community and an understanding of the legal rights and responsibilities of being a good citizen.

9.2.4.F.2 Relate a country’s economic system of production and consumption to building personal wealth and achieving societal responsibilities.
Content: The potential for building and using personal wealth includes responsibility to the broader community and an understanding of the legal rights and responsibilities of being a good citizen.

9.2.8.F.2 Examine the implications of legal and ethical behaviors when making financial decisions.
Content: The potential for building and using personal wealth includes responsibility to the broader community and an understanding of the legal rights and responsibilities of being a good citizen.

9.2.12.F.2 Summarize the concept and types of taxation used to fund public initiatives.
Content: Philanthropic, charitable, and entrepreneurial organizations play distinctly different but vitally important roles in supporting the interests of local and global communities.

9.2.4.F.3 Explain the roles of philanthropy, volunteer service, and charitable contributions, and analyze their impact on community development and quality of living.
Content: The potential for building and using personal wealth includes responsibility to the broader community and an understanding of the legal rights and responsibilities of being a good citizen.

9.2.8.F.3 Relate the impact of business, government, and consumer fiscal responsibility to the economy and to personal finance.
Content: The potential for building and using personal wealth includes responsibility to the broader community and an understanding of the legal rights and responsibilities of being a good citizen.

9.2.12.F.3 Assess the impact of emerging global economic events on financial planning.
Content: Philanthropic, charitable, and entrepreneurial organizations play distinctly different but vitally important roles in supporting the interests of local and global communities.

9.2.4.F.4 Identify skills related to organizing, managing, and taking on the risks of owning a business.
Content: Philanthropic, charitable, and entrepreneurial organizations play distinctly different but vitally important roles in supporting the interests of local and global communities.

9.2.8.F.4 Calculate appropriate amounts of charitable giving based on current financial status.
Content: The potential for building and using personal wealth includes responsibility to the broader community and an understanding of the legal rights and responsibilities of being a good citizen.

9.2.12.F.4 Analyze how citizen decisions and actions can influence the use of economic resources to achieve societal goals and provide individual services.
Content: Philanthropic, charitable, and entrepreneurial organizations play distinctly different but vitally important roles in supporting the interests of local and global communities.

9.2.8.F.5 Determine opportunities for micro-financing of global charities and causes.
Content: The potential for building and using personal wealth includes responsibility to the broader community and an understanding of the legal rights and responsibilities of being a good citizen.

9.2.12.F.5 Summarize the purpose and importance of a will.
Content: Philanthropic, charitable, and entrepreneurial organizations play distinctly different but vitally important roles in supporting the interests of local and global communities.

9.2.12.F.6 Compare and contrast the role of philanthropy, volunteer service, and charities in community development and quality of life in a variety of cultures.
Content: Philanthropic, charitable, and entrepreneurial organizations play distinctly different but vitally important roles in supporting the interests of local and global communities.

9.2.12.F.7 Explain the concept and forms of taxation and justify the use of taxation to fund public activities and initiatives.
Content: Philanthropic, charitable, and entrepreneurial organizations play distinctly different but vitally important roles in supporting the interests of local and global communities.

9.2.12.F.8 Evaluate the effects of entrepreneurship on economic stability and quality of living in local and global communities.
Content: Philanthropic, charitable, and entrepreneurial organizations play distinctly different but vitally important roles in supporting the interests of local and global communities.

9.2.12.F.9 Assess the impact of the global economy on entrepreneurial opportunities.
9.2 Personal Financial Literacy All students will develop skills and strategies that promote personal and financial responsibility related to financial planning, savings, investment, and charitable giving in the global economy.
G. Risk Management and Insurance
By the end of Grade 4 By the end of Grade 8 By the end of Grade 12
Content: There are common financial risks and ways to manage risks.

9.2.4.G.1 Summarize common types of financial risks and basic risk management strategies.
Content: There are common financial risks and ways to manage risks.

9.2.8.G.1 Compare the impact of losses associated with different types of financial risk.
Content: There are common financial risks and ways to manage risks.

9.2.12.G.1 Analyze risks and benefits in various financial situations.
Content: Insurance is designed to protect the consumer against unintended losses.

9.2.4.G.2 Explain the importance of protection against financial loss and reasons for risk assessment.
Content: There are common financial risks and ways to manage risks.

9.2.8.G.2 Explain why it is important to develop plans for protecting current and future personal assets against loss.
Content: Insurance is designed to protect the consumer against unintended losses.

9.2.12.G.2 Differentiate between property and liability insurance protection.
Content: Insurance is designed to protect the consumer against unintended losses.

9.2.4.G.3 Describe how valuable items might be damaged or lost and ways to protect them.
Content: Insurance is designed to protect the consumer against unintended losses.

9.2.8.G.3 Explain the purpose and importance of health, disability, life, and consumer insurance protection.
Content: Insurance is designed to protect the consumer against unintended losses.

9.2.12.G.3 Compare the cost of various types of insurance (e.g., life, homeowners, motor vehicle) for the same product or service, given different liability limits and risk factors.
Content: Insurance is designed to protect the consumer against unintended losses.

9.2.8.G.4 Determine criteria for deciding the amount of insurance protection needed.
Content: Insurance is designed to protect the consumer against unintended losses.

9.2.12.G.4 Evaluate individual and family needs for insurance protection using opportunity-cost analysis.
Content: Insurance is designed to protect the consumer against unintended losses.

9.2.8.G.5 Analyze the need for and value of different types of insurance and the impact of deductibles.
Content: Insurance is designed to protect the consumer against unintended losses.

9.2.12.G.5 Compare insurance policy coverage limits and related premiums and deductibles to minimize costs.
Content: Insurance is designed to protect the consumer against unintended losses.

9.2.8.G.6 Evaluate the need for different types of extended warranties.
Content: Insurance is designed to protect the consumer against unintended losses.

9.2.12.G.6 Differentiate the costs and benefits of renter’s and homeowner’s insurance.
Content: Insurance is designed to protect the consumer against unintended losses.

9.2.12.G.7 Compare sources of health and disability coverage, including employee benefit plans, with options in another country.
Content: Insurance is designed to protect the consumer against unintended losses.

9.2.12.G.8 Compare and contrast options for long-term healthcare insurance for home care and external care.
Content: Insurance is designed to protect the consumer against unintended losses.

9.2.12.G.9 Explain how to self-insure and how to determine when self-insurance is appropriate.
Content: Insurance is designed to protect the consumer against unintended losses.

9.2.12.G.10 Determine when and why it may be appropriate for the government to provide insurance coverage, rather than private industry.