SS.912.FL.1.2

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. Describe 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.

Clarifications

Explain 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.
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.
General Information
Subject Area: Social Studies
Grade: 912
Strand: Financial Literacy
Standard: Earning Income
Date Adopted or Revised: 04/15
Status: State Board Approved

Related Courses

This benchmark is part of these courses.
2102800: Florida’s Preinternational Baccalaureate Comparative Economics With Financial Literacy (Specifically in versions: 2014 - 2015, 2015 and beyond (current))
2102335: Economics with Financial Literacy (Specifically in versions: 2014 - 2015, 2015 - 2018, 2018 and beyond (current))
2102340: Economics with Financial Literacy for Credit Recovery (Specifically in versions: 2015 - 2018, 2018 and beyond (current))
2102345: Economics with Financial Literacy Honors (Specifically in versions: 2014 - 2015, 2015 - 2018, 2018 and beyond (current))
2102372: Personal Financial Literacy (Specifically in versions: 2015 - 2018, 2018 - 2019, 2019 and beyond (current))
2102374: Personal Financial Literacy Honors (Specifically in versions: 2015 - 2018, 2018 - 2019, 2019 and beyond (current))
7921021: Access Personal Financial Literacy (Specifically in versions: 2019 and beyond (current))
2100362: Latin American Studies Honors (Specifically in versions: 2020 and beyond (current))

Related Access Points

Alternate version of this benchmark for students with significant cognitive disabilities.
SS.912.FL.1.In.b: Explain why people choose to obtain education or training as it relates to immediate and future costs.
SS.912.FL.1.Su.b: Identify why people choose to obtain education or training as it relates to immediate and future costs.
SS.912.FL.1.Pa.b: Recognize why people choose to obtain education or training as it relates to immediate and future costs.

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