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Number: SS.8.FL.1

Title: Earning Income

Type: Standard

Subject: Social Studies

Grade: 8

Strand: Financial Literacy (Adopted in 2023)

This cluster includes the following benchmarks

Code	Description
SS.8.FL.1.1:	Explain that careers are based on working at jobs in the same occupation or profession for many years. Describe the different types of education and training required by various careers.
SS.8.FL.1.2:	Identify the many decisions people must make over a lifetime about their education, jobs, and careers that affect their incomes and job opportunities.
SS.8.FL.1.3:	Explain that getting more education and learning new job skills can increase a person’s human capital and productivity.
SS.8.FL.1.4:	Examine the fact that people with less education and fewer job skills tend to earn lower incomes than people with more education and greater job skills.
SS.8.FL.1.5:	Examine the fact that investment in education and training generally has a positive rate of return in terms of the income that people earn over a lifetime, with some education or training having a higher rate of return than others.
SS.8.FL.1.6:	Identify the opportunity costs that education, training, and development of job skills have in the terms of time, effort, and money.
SS.8.FL.1.7:	Identify that interest, dividends, and capital appreciation (gains) are forms of income earned from financial investments.
SS.8.FL.1.8:	Discuss the fact that some people receive income support from government because they have low incomes or qualify in other ways for government assistance.

This cluster includes the following access points.

Access Point Number	Access Point Title
SS.8.FL.1.AP.1:	Identify and describe how education and training are needed for the progression from a job to a career.
SS.8.FL.1.AP.2:	Identify how decisions about incomes and job opportunities are affected by education, in a career or profession.
SS.8.FL.1.AP.3:	Identify how continuing education and job skills training can increase a person’s income and opportunities.
SS.8.FL.1.AP.4:	Identify the average wage or salary for different jobs and explain how they differ by level of education, job skill, or years of experience.
SS.8.FL.1.AP.5:	Identify the fact that investment in education and training generally has a positive rate of return in terms of the income that people earn over a lifetime.
SS.8.FL.1.AP.6:	Identify the opportunity costs that education, training, and development of job skills have in the terms of time, effort, and money.
SS.8.FL.1.AP.7:	Identify that interest is a form of income earned from financial investments.
SS.8.FL.1.AP.8:	Identify the fact that some people receive income support from government because they qualify in one of various ways for government assistance.

Vetted resources educators can use to teach the concepts and skills in this topic.

Name	Description
Spotlight: Architecture and Construction:	This is lesson 3 of a 6-lesson unit plan. Students will create specific questions to ask individuals invited to a Career showcase event, using one of the attached KWLH charts. Students will be tasked with writing and asking questions regarding one individual’s career such as their skills, abilities, and talents, and the level of training and education they have received. Additionally, using a timeline template, students will prepare questions pertaining to how much time was spent progressing through different stages of their career.
Excellence Through Ethics: Ethical Job Hunting:	Hands on group activity that explores the importance or accurately representing yourself in a job interview. Explores job applications and the need to represent yourself truthfully

Standard 1 : Earning Income