9 DSJ Investigation: Financial (In)Security
DSJ INVESTIGATION: Exploring Generational Wealth and Economic Security
MATH SKILL FOCUS: Financial Planning Vocabulary and Analysis
Complete the three activities below. You can handwrite or type your answers to the questions that follow each activity.
Activity 1
Complete the following lesson created by the Federal Deposit Insurance Corporation (FDIC). It should take approximately 1 hour 15 minutes to go through the activities. You do not need to create an account or earn a certificate as part of this assignment.
Building Your Financial Future
Summarize your experience by answering the following questions:
- List the three different types of assets. Give at least two examples of each type.
- Define net worth. How is this different from income?
- How can expenses such as a car be considered a productive asset?
- How can training and education be considered a productive asset?
- How many coins did you earn in each round?
Activity 2
Read the following article and then answer the questions that follow:
Wealth Inequality in the U.S. by Household Type
- What are the two major contributors to a household’s wealth?
- List the 7 household characteristics that this article describes which affect a household’s wealth?
- Which number/statistic in the article surprised you the most? Why?
Activity 3
Read the following article and then answer the questions that follow:
Racial Differences in Economic Security: The Racial Wealth Gap
- What are some of the benefits of wealth?
- What does it mean to have zero or negative net worth? How does this vary across race and ethnicity?
- What type of policies does the article recommend to address the racial differences in economic security?
