9th-12th Grade

EI.K.1: Compare different factors that impact wages, including employment type, career fields, education, race, gender, union membership and level of risk to personal safety and wellbeing.

EI.K.2: Compare various compensation models for jobs or careers, such as wages, salaries, commissions, tips, bonuses, health insurance, retirement savings plans and education reimbursement programs.

EI.K.3: Analyze the influence of non-cash factors, including working conditions, work hours, teleworking and career advancement potential, in addition to wages and paid benefits, on employee choices.

EI.K.4: Analyze the differences between sources of retirement income, including Social Security, employer-sponsored retirement plans, personal investments and continued employment earnings.

EI.K.5: Evaluate the accessibility and costs of additional training and education and how it impacts future earning potential.

EI.K.6: Evaluate the risks and benefits of starting and owning a business.

EI.S.1: Assess information regarding income opportunities and identify signs and risks associated with predatory financial schemes (e.g., multi-level marketing schemes, pyramid schemes, tax fraud schemes).

EI.S.2: Identify unique opportunities and programs available in Washington, DC, that provide financial support for higher education and career advancement, including scholarships, grants, apprenticeships, advanced research courses, dual enrollment and other avenues for educational and professional growth.

EI.S.3: Analyze a variety of tools and services that are relevant to the preparation of personal and business taxes to understand how and when to complete taxes.

EI.S.4: Identify the different forms and functions of taxation, and determine estimated payroll taxes, income taxes, property taxes and sales taxes.

SI.K.1: Compare the functions, benefits and drawbacks of different types of checking and savings accounts, including but not limited to regular savings, high-yield savings, money market, certificates of deposit (CDs), college savings, health savings and retirement savings accounts.

SI.K.10: Compare the trade-offs involved with investing in riskier assets with the potential for higher rates of return.

SI.K.11: Assess the extent to which federal regulation of financial markets helps ensure that investors have access to accurate information about potential investments and are protected from fraud.

SI.K.2: Identify the intricacies and risks of mobile payment accounts, stock trading applications and cryptocurrency accounts that are not federally insured.

SI.K.3: Analyze the influence of generational wealth and inherited assets on personal savings and investing.

SI.K.4: Assess the impact of inflation and deflation on the value of savings.

SI.K.5: Interpret the different types and purposes of various financial institutions available to an individual, including banks, credit unions and brokerage firms.

SI.K.6: Describe the role of government agencies such as the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), the Securities and Exchange Commission (SEC) and the National Credit Union Administration, along with their counterparts in state government in supervising and regulating financial institutions.

SI.K.7: Assess how tax policies promote savings by allowing individuals to save pretax earnings or by providing tax advantages on interest earned.

SI.K.8: Examine the incentives that drive companies to issue and sell stock and motivate individuals to invest.

SI.K.9: Investigate the ethical dimensions of investment choices, considering the environmental, social and governance (ESG) principles related to specific industries or companies.

SI.S.1: Identify practices for saving towards short- and long-term financial goals.

SI.S.2: Compare nominal annual rates of return, including cash flows and price changes over time on different types of investments.

SI.S.3: Analyze diversification and asset allocation decisions by considering an individual's risk tolerance, goals and investing time horizon.

SI.S.4: Examine how the expenses of buying, selling and holding financial assets, as well as different tax rules, impact the rate of return from different investments.

SI.S.5: Analyze interest, dividends and capital appreciation (gains) and identify examples of passive income derived from financial investments.

SI.S.6: Evaluate criteria for selecting financial professionals for investment advice include licensing, certifications, education, experience and cost.

SP.K.1: Assess factors influencing individual and community values and attitudes towards spending, including the role of marketing, community, personal lived experiences and psychology.

SP.K.2: Analyze how management of financial resources changes at different income and wealth levels, considering budgeting, savings and expenditures.

SP.K.3: Identify financial relief agencies and resources in the Washington, DC area and understand their value.

SP.K.4: Interpret various factors that impact consumer decisions, including the availability of goods and services, marketing strategies and individual preferences.

SP.K.5: Analyze factors influencing housing decisions and accessibility, such as individual preferences, discriminatory practices, costs, tax credits, budgets and housing availability and evaluate the consequences of various choices on personal satisfaction and financial well-being.

SP.K.6: Identify the legal protections for homeowners and renters, including safeguards and sources of assistance specific to Washington, DC.

SP.K.7: Explain the role of federal and state laws, regulations and consumer protection agencies designed to help individuals avoid unsafe products, unfair practices and marketplace fraud (e.g., the Federal Trade Commission, Consumer Affairs offices, including the DC Department of Licensing and Consumer Protection and the Consumer Financial Protection Bureau).

SP.S.1: Create a budget based on changing individual inputs, constraints and goals.

SP.S.2: Analyze the various forms of payment an individual can utilize for expenditures.

SP.S.3: Assess the impact of unexpected expenses (e.g., medical emergencies, layoffs, car accidents), and develop effective strategies for managing these expenses.

SP.S.4: Identify local and federal resources and programs that help individuals achieve their financial goals, beyond budgeting, such as public benefits, loans and other resources.

SP.S.5: Interpret the cost of purchasing or leasing a new or used vehicle, including down payment, interest rate, loans and registration.

CR.K.1: Understand the purpose, risks and benefits of credit.

CR.K.2: Assess different methods of debt management assistance.

CR.K.3: Identify the implications of declaring bankruptcy.

CR.K.4: Analyze the reasons for and the risks of using financial services such as payday loans, check cashing services, pawnshops and instant tax refunds which provide access to credit at a relatively high cost.

CR.S.1: Examine the cost of credit using the Annual Percentage Rate (APR), Effective Annual Rate (EAR) or the actual rate to be paid based on the period of compounding and other terms in the contract for a credit card or loan for purchases.

CR.S.2: Compare the risks and benefits of different mortgage payment plans depending on the amount borrowed, the repayment period and the interest rate, which can be fixed or adjustable.

CR.S.3: Assess the impact of down payments and interest rates on the amount needed to borrow and pay overtime for major financial transactions.

CR.S.4: Compare different methods of financing postsecondary education including federal loans, private loans, opportunities for loan forgiveness, grants, scholarships and savings.

CR.S.5: Identify factors that impact an individual's credit score, and ways individuals can improve their credit.

MR.S.1: Analyze the factors that influence insurance premiums including copayments and deductibles and determine the costs and benefits of plans with different costs.

MR.S.2: Compare the costs, benefits and risks of different health insurance plans, including the extent to which health insurance covers preventative care.

MR.S.3: Analyze the financial risks and consequences of gambling activities.

MR.K.1: Explain why some types of insurance coverage are mandatory.

MR.K.2: Compare the costs and benefits of disability insurance for replacing income lost when a person is unable to earn their regular income due to injury or illness.

MR.K.3: Explain different auto, homeowners and renters insurance reimbursements to policyholders for financial losses to their covered property and the costs of legal liability for their damages to other people or property.

MR.K.4: Analyze the need for life insurance that provides funds for beneficiaries in the event of an insured individual's death or disability.

MR.K.5: Assess ways to secure online transactions and safeguard personal documents from privacy infringement, identity theft and fraud.

MR.K.6: Evaluate the utility of extended warranties and service contracts on different kinds of purchases.