Explain that people vary in their willingness to obtain more education or training because these decisions involve incurring immediate costs to obtain possible future benefits.
Examples
Example: Speculate how a high school student might assess the future benefits of going to college and describe how that assessment will affect the student’s decision to attend college.
Example: Speculate how a high school student might assess the future benefits of entering the workforce after completing a vocational training program, and the implications of that assessment on possible future benefits.
Clarifications
Clarification 1: Instruction includes how people’s willingness to wait or plan for the future affects their decision to get more education or job training in a dynamic and changing labor market.
Clarification 2: Instruction includes how discounting the future benefits of education and training may lead some people to pass up potentially high rates of return that more education and training may offer.
Clarification 3: Instruction includes the barriers people may face when investing in education and training.
Subject Area: Social Studies
Grade: 912
Strand: Financial Literacy
Date Adopted or Revised: 05/24
Status: State Board Approved
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