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2/25/14 “Pew research study”

2/25/14 “Pew research study” Based on this research study, what do you think are the two most important economic differences between Millennials who get at least a bachelor’s degree and those who only graduate from high school ? Why are these the most important?

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2/25/14 “Pew research study”

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  1. 2/25/14 • “Pew research study” • Based on this research study, what do you think are the two most important economic differences between Millennials who get at least a bachelor’s degree and those who only graduate from high school? • Why are these the most important? • On desk: Pew Research Study & wksht.

  2. Based on this research study, what do you think are the two most important economic differences between Millennials who get at least a bachelor’s degree and those who only graduate from high school? • After reading this research study, do you think it is worth it economically to go to college? Why or why not?

  3. 2/25/14 Econ. Agenda Credit card payments & credit card debt (class notes) Credit card interest payments (online calculator) HW: Credit card interest payments wksht.

  4. 2/25/14 Class Notes – credit card payments debt: something that is owed repossession: to take something back Example: When Harrison couldn’t make his mortgage payments, the bank repossessed his house.

  5. 2/25/14 • Class Notes – credit card payments • How do credit card companies make $$? • Lend you MONEY. • Charge you INTEREST for borrowing that money. • Put you in DEBT. • You have 3 repayment options every month: • Minimum payment (set by c.c. company) • Partial payment • Full payment

  6. Minimum Payment Pay only the minimum $ to avoid late fees Unpaid balance added to next month’s bill Pay APR interest Interest compounded **Only do this if you HAVE to!** Partial Payment Pay more than minimum payment, but not full amount **Do this instead of minimum payment** Class Notes • Full Payment • Pay full credit balance • Pay NO APR interest • **ALWAYS do this!**

  7. Why is it important to pay more than just your minimum payment every month? http://www.youtube.com/watch?v=Vz05A6cP6Iw

  8. To-Do: • Credit card repayment calculator • http://www.calculatorweb.com/calculators/creditcardmincalc.shtml • Figure out how much interest you will pay on purchases if you only pay the minimum amount required by your credit card!

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