COPYRIGHTED MATERIAL
TABLE OF CONTENTS
Unit 1: Earning an Income Chapter 1: Getting Personal: You and Your Money . . . . . . . . . . . . . . . . . . . . . . 1 Defining financial literacy; introduction to course themes; income vs. wealth; wealth and financial security; income and class division in America; gender pay inequality debate. Chapter 2: Battle of the Banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Retail and consumer banks, savings & loans; savings accounts, checking accounts, MMA and time deposits; avoiding bank fees and penalties; alternatives to traditional banking; deposit insurance; virtual currency controversy. Chapter 3: A Job That Pays . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39 Job vs. career; education’s link to income, earnings and unemployment; job security and job satisfaction; career choices; postsecondary planning; college alternatives; future resume; copy cat careers. Chapter 4: Pay. It’s More Than a Salary . . . . . . . . . . . . . . . . . . . . . . . . . . . 61 Compensation; salary and employee benefits; Social Security; healthcare insurance; workers compensation; disability insurance; pensions and retirement plans; employee stock purchase plans; perks; FMLA; freelancing; the job interview. Chapter 5: Honey, They Shrunk My Paycheck! . . . . . . . . . . . . . . . . . . . . . . . . 83 Paycheck withholdings and deductions; OASDI; federal and state income taxes; IRS forms W-2, W-4, 1099,1040; deciphering a pay stub; exploring flat tax vs. progressive tax. Chapter 6: The Global Employee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 99 A career overseas; multinational companies; overseas job search; work visas and permits; shortage occupations; developing cross-cultural skills; H1b Visa controversy. Unit 2: Building Wealth Chapter 7: The Credit Conundrum . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 115 The pros and cons of credit; credit and the economy; APR; credit report and credit score; student loans; exploring FICO; the FAFSA; free college controversy. Chapter 8: Supersize Your Savings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 135 Savings; establishing savings goals; simple vs. compound interest; the Rule of 72; developing a savings habit in the 21st century; exploring income and wealth disparity in America. Chapter 9: Home is Where the Mortgage or Lease Is . . . . . . . . . . . . . . . . . . . . . 151 Homeownership; buying a home; amortization and appreciation; mortgages; rental agreements; building wealth through homeownership vs. renting; rent control vs. free market debate. PRODUCT PREVIEW
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