© Family Economics & Financial Education – March 2008 – Career Development Unit – Investment in Yourself

Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

Investment in Yourself 1.1.9

Family Economics & Financial EducationTake Charge of Your Finances

© Family Economics & Financial Education – March 2008 – Career Development Unit – Investment in Yourself

Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

Investment in Yourself 1.1.9

Lesson Objectives– Define human capital and why it is

important for career development– Realize the relationship between

educational level and income– Evaluate the traits of successful

workers– Discover different places to perform

job searches and the pro’s and con’s to each method

© Family Economics & Financial Education – March 2008 – Career Development Unit – Investment in Yourself

Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

Influences • Value

– a fundamental belief or practice about what is desirable, worthwhile, and important to an individual.

• Goal– the end result of something a person

intends to acquire, do, reach, or accomplish sometime in the near or distant future.

• Need– something thought to be a necessity

• Want– something unnecessary but desired

© Family Economics & Financial Education – March 2008 – Career Development Unit – Investment in Yourself

Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

Human Capital

• Human Capital (definition)– Skills acquired through a process of

self investment.

• What are examples of things you can do to increase human capital?– Summer jobs– Volunteer– Extra-curricular activities

© Family Economics & Financial Education – March 2008 – Career Development Unit – Investment in Yourself

Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

Education vs. Income

“Education is essential in getting a high-paying job. In fact, for all but 1 of the 50 highest paying occupations, a college degree or higher is the most significant source of education or training. Air traffic controller is the only occupation of the 50 highest paying for which this is not the case”

2004 Bureau of Labor Statistics Occupational Outlook Handbook, Tomorrow's Jobs

Higher Education = Higher Estimated Lifetime Earnings

© Family Economics & Financial Education – March 2008 – Career Development Unit – Investment in Yourself

Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

Education vs. Income in the U.S.

• Activity: Stand up with your colored square

“Everyone standing represents the people who started high school in the

U.S. This activity will show the different paths people can choose

during their lifetime and the different results.”

• Based upon 2000 US Census Bureau Data

© Family Economics & Financial Education – March 2008 – Career Development Unit – Investment in Yourself

Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

Orange – U.S.

• If you are holding an orange card, please sit.

• These 4 people represent 19.6% of the U.S. population who did not graduate from high school or earn a GED. On average, they earn $16,234 per year, the lowest wages of all workers

• Congratulations! Everyone remaining finished high school.

© Family Economics & Financial Education – March 2008 – Career Development Unit – Investment in Yourself

Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

BROWN – U.S.

• If you are holding a brown card please sit.

• These 6 people represent 28.6% of the U.S. population who graduated from high school or earned a GED. On average, in the United States, they earn $24,885 per year.

• Congratulations! The remaining decided to further their education.

© Family Economics & Financial Education – March 2008 – Career Development Unit – Investment in Yourself

Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

Green – U.S.

• If you are holding a green card please sit. • These 6 people represent 25% of the U.S.

population who dropped out of college without finishing a degree. On average, in the United States, they earn $28,264 per year which is only a little more than high school graduates. They enter the job market at basically the same level as high school graduates.

• Congratulations! The remaining finished some kind of post-secondary education.

© Family Economics & Financial Education – March 2008 – Career Development Unit – Investment in Yourself

Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

Yellow – U.S.

• If you are holding a yellow card please sit.

• This 1 person represent 6.3% of the U.S. population who received their associate degree. On average, in the United States, they earn $36,644 per year. Jobs requiring an associates degree are expected to grow 32% between 2000-2010. These people are prepared for this significant change in the job market.

© Family Economics & Financial Education – March 2008 – Career Development Unit – Investment in Yourself

Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

Pink – U.S.

• If you are holding a pink card please sit.

• These 3 people represent 15.5% of the U.S. population who received their bachelor's degree. On average, in the United States, they will earn $48,892 per year, which is almost twice what a high school graduate earns.

© Family Economics & Financial Education – March 2008 – Career Development Unit – Investment in Yourself

Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

Purple – U.S.

• If you are holding a purple card please sit.

• These 2 people represent 8.9% of the U.S. population who have completed their graduate or professional degree. On average, the master’s degree earns $63,205 per year and the doctorate degree earns $86,036 per year, and the professional degree earns $96,779 per year.

© Family Economics & Financial Education – March 2008 – Career Development Unit – Investment in Yourself

Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

Education vs. Income in MO

• Activity: Stand up with your colored square

“Everyone standing represents the people who started high school in

Missouri. This activity will show the different paths people can choose

during their lifetime and the different results.”

• Based upon 2000 US Census Bureau Data

© Family Economics & Financial Education – March 2008 – Career Development Unit – Investment in Yourself

Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

Orange – Missouri

• If you are holding an orange card, please sit.

• These 4 people represent 18.6% of the Missouri population who did not graduate from high school or earn a GED. On average, they earn $16,234 per year, the lowest wages of all workers

• Congratulations! Everyone remaining finished high school.

© Family Economics & Financial Education – March 2008 – Career Development Unit – Investment in Yourself

Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

BROWN – Missouri

• If you are holding a brown card please sit.

• These 7 people represent 32.7% of the Missouri population who graduated from high school or earned a GED. On average, in the United States, they earn $24,885 per year.

• Congratulations! The remaining decided to further their education.

© Family Economics & Financial Education – March 2008 – Career Development Unit – Investment in Yourself

Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

Green – Missouri

• If you are holding a green card please sit. • These 5 people represent 21.9% of the

Missouri population who dropped out of college without finishing a degree. On average, in the United States, they earn $28,264 per year which is only a little more than high school graduates. They enter the job market at basically the same level as high school graduates.

• Congratulations! The remaining finished some kind of post-secondary education.

© Family Economics & Financial Education – March 2008 – Career Development Unit – Investment in Yourself

Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

Yellow – Missouri

• If you are holding a yellow card please sit.

• This 1 person represent 5.1% of the Missouri population who received their associate degree. On average, in the United States, they earn $36,644 per year. Jobs requiring an associates degree are expected to grow 32% between 2000-2010. These people are prepared for this significant change in the job market.

© Family Economics & Financial Education – March 2008 – Career Development Unit – Investment in Yourself

Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

Pink – Missouri

• If you are holding a pink card please sit.

• These 3 people represent 14% of the Missouri population who received their bachelor's degree. On average, in the United States, they will earn $48,892 per year, which is almost twice what a high school graduate earns.

© Family Economics & Financial Education – March 2008 – Career Development Unit – Investment in Yourself

Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

Purple – Missouri

• If you are holding a purple card please sit.

• These 2 people represent 7.6% of the Missouri population who have completed their graduate or professional degree. On average, the master’s degree earns $63,205 per year and the doctorate degree earns $86,036 per year, and the professional degree earns $96,779 per year.

© Family Economics & Financial Education – March 2008 – Career Development Unit – Investment in Yourself

Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

Education vs. Income

Educational Attainment

US Average Income 2001

% US Population

2000

% MO State Population

2000

Not a high school graduate

$16,234 19.6% 18.6%

High school graduate including GED

$24,885 28.6% 32.7%

Some college, no degree

$28,264 21.0% 21.9%

Associate Degree $33,644 6.3% 5.1%

Bachelor’s Degree $48,892 15.5% 14.0%

Master’s Degree $63,205 8.9% 7.6%

Doctorate Degree $86,036

Professional Degree $96,779

© Family Economics & Financial Education – March 2008 – Career Development Unit – Investment in Yourself

Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

Traits of successful workers

What are you currently doing

to invest in your human capital?

What could you be doingto develop the traits

employers seek?

© Family Economics & Financial Education – March 2008 – Career Development Unit – Investment in Yourself

Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

Traits of successful workers

• Traits employers seek include: – Extra curricular activities– Member of school organizations– Part-time job

© Family Economics & Financial Education – March 2008 – Career Development Unit – Investment in Yourself

Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

Traits of successful workers

What are some possiblesources to find a job?

© Family Economics & Financial Education – March 2008 – Career Development Unit – Investment in Yourself

Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

Traits of successful workers

• Possible job sources – Internet – Newspaper – Networking

© Family Economics & Financial Education – March 2008 – Career Development Unit – Investment in Yourself

Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

Review

• Degree levels – How long does it take to obtain

each degree?– What is an example of a job you can

get with each degree?• What traits do employers look for in

employees?• What are sources to use to find a job?

© Family Economics & Financial Education – March 2008 – Career Development Unit – Investment in Yourself

Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

Investment in Yourself 1.1.9

Lesson Objectives -- Review– Define human capital and why it is

important for career development– Realize the relationship between

educational level and income– Evaluate the traits of successful

workers– Discover different places to perform

job searches and the pro’s and con’s to each method

© Family Economics & Financial Education – March 2008 – Career Development Unit – Investment in Yourself

Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

Investment in Yourself 1.1.9

Assignments

– Investment in Yourself note-taking guide 1.1.9.L1 (in class)

– Investment in Yourself worksheet 1.1.9.A1

– Job Announcement Criteria 1.1.9.A2