Consider the Consumer Confidence graph above and the Tampa Bay Times article below. On the graph, there was a slight drop in August. Now read the article below. What factors might cause consumer confidence to drop? What things might cause consumers to spend less?
SS.8.FL.2.5 Discuss the fact that people may revise their budget based on unplanned expenses and changes in income.
SS.912.FL.2.1 Compare consumer decisions as they are influenced by the price of a good or service, the price of alternatives, and the consumers income as well as his or her preferences.
Cooking, Chefs and Charity, oh my! Why do you think the World Central Kitchen decided to help people following Hurricane Michael? Challenge your students to come up with a social entrepreneurship idea as to how they can do something to help hurricane victims. What is a problem hurricane victims may have? What is a good or service you could provide?
SS.912.FL.2.6: Explain that people may choose to donate money to charitable organizations and other not-for-profits because they gain satisfaction from donating.
After reading the Tampa Bay Times article below, would you recommend that friends or family members invest in Uber? Why or why not? Conduct more research on Uber. What news have you found? Check out the recent article in the Tampa Bay Times. How can this financial news impact prices of stock?
SS.8.FL.5.3 Discuss that when people buy corporate stock, they are purchasing ownership shares in a business that if the business is profitable, they will expect to receive income in the form of dividends and/or from the increase in the stocks value, that the increase in the value of an asset (like a stock) is called a capital gain, and if the business is not profitable, investors could lose the money they have invested.
SS.912.FL.5.7 Describe how financial markets adjust to new financial news and that prices in those markets reflect what is known about those financial assets.
Check out this NIE news video of the week. Before you view the video, consider what types of work tasks should robots do? What types of work tasks should humans do? Then view the video. What did the video say about the rise of robots? What are the possible consequences of robots doing more tasks? What types of decisions do people need to make when their jobs are taken by robots? How can you better prepare for your future?
Florida Financial Literacy Standards
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.912.FL.1.5: Discuss reasons why changes in economic conditions or the labor market can cause changes in a worker's income or may cause unemployment?
Created by Deborah Kozdras and Brittany Sampson