Hawaii
9th-12th GradesState Standards
Theme 3: Saving
Content Standards: Students will know that...
1.: People save money for many different
purposes, including large purchases
such as cars and homes, education
costs, retirement, and emergencies.
2.: Savings decisions depend on
individual preferences and
circumstances, and can impact
personal satisfaction and financial well-being.
3.: Compound interest is interest on both
the original principal and previously
earned interest, as compared to
simple interest which is only interest on the original principal.
4.: Financial institutions offer several
types of savings accounts, including
regular savings, money market
accounts, and certificates of deposit
(CDs), that differ in minimum deposits,
rates, and deposit insurance coverage.
5.: Tax policies that allow people to save
pretax earnings or to reduce or defer
taxes on interest earned provide
incentives for people to save.
Sample learning outcomes: Students will use this knowledge to...
Create a savings plan that will allow
someone to make a large purchase in
one year, 5 years, and 10 years.
Discuss how savings decisions can
affect financial well- being.
Explain the benefit of compound interest
as compared with simple interest.
Compare the features of regular savings
accounts, money market accounts, and
CDs.
Explain how traditional IRAs (individual
retirement accounts), Roth IRAs, and
education savings accounts provide
incentives for people to save.
Theme 2: Spending: Content Standards: students will know that...
Content Standards: Students will know...
1: Price, spending choices of others,
peer pressure, and advertising about
a product or service can influence purchase decisions.
2: Creating a budget can help people
make informed choices about
spending, saving, and managing
money in order to achieve financial goals
3: Making an informed purchase
decision requires a consumer to
critically evaluate price, product
claims, and quality information from a variety of sources.
4: Housing decisions depend on
individual preferences, circumstances,
and costs, and can impact personal
satisfaction and financial well-being.
5: Federal and state laws, regulations,
and consumer protection agencies
(e.g., Federal Trade Commission,
Consumer Affairs office, and
Consumer Financial Protection
Bureau) can help individuals avoid
unsafe products, unfair practices, and marketplace fraud.
Students will use this knowledge to...: Sample Learning Outcomes
Share examples of how price, spending
choices of others, peer pressure, or
advertising influence a purchase
decision.
Create a budget that includes expenses
and savings out of a given amount of income.
Explain the types of information most
helpful in making a purchase decision.
Compare the short-term and long-term
costs and benefits of renting versus
buying a home in their city of residence.
Investigate common types of consumer
fraud and unfair or deceptive business
practices, including online scams,
phone solicitations, and redlining.
Theme 4: Investing
Content Standards: Students will know...
Sample learning outcome: Students will use this knowledge to...
Theme 5: Managing credit
Theme 6: Managing risk
Theme 1: Earning Income
Content Standards: Students will know that...
1: People make many decisions over a lifetime about their education, jobs, and careers that affect their incomes and opportunities.
2: Compensation for a job or career can
be in the form of wages, salaries,
commissions, tips, or bonuses, and
may also include contributions to
employee benefits, such as health
insurance, retirement savings plans,
and education reimbursement
programs.
3: People vary in their opportunity and
willingness to incur the present costs
of additional training and education in
exchange for future benefits, such as
earning potential.
4: Changes in economic conditions,
technology, or the labor market can
cause changes in income, career
opportunities, or employment status.
5.: Retirement income typically comes
from some combination of continued
employment earnings, Social
Security, employer-sponsored
retirement plans, and personal investments.
Sample Learning Outcomes: Students will use this knowledge to…
Discuss how economic and labor market
conditions can affect income, career
opportunities, and employment status.
Explain why people should evaluate
employee benefits in addition to wages
and salaries when choosing between job
and career opportunities.
Identify common types of payroll deductions.
Describe the importance of having
multiple sources of income in retirement,
such as Social Security, employer-
sponsored retirement plans, and
personal investments.
Evaluate the costs and benefits of
investing in additional education or
training.