Income and Education

How would a person’s decision to quit high school

most likely affect future earnings?

• It would result in no future earnings.

• It would reduce future earnings.

• It would not affect future earnings.

• It would increase future earnings.

One way a college student can financially plan or prepare for college is by working a summer job. What should the student do with thier wages to plan best for college?

• She should spend her money on college and take a loan to pay for a new car to use to travel to and from school.

• She should invest her money in a savings account to use for her college tuition and books.

• She should invest her money in the stock market which would guarantee her more funds for college.

• She should spend her money on entertainment and pay college tuition with a credit card.

Individuals with higher levels of education are more likely to have higher earnings and lower rates of unemployment.

• True

• False

Which of the following is an example of recognizing military service as a financial support of attending college?

• Pell Grant

• Scholarship

• GI Bill

True or False: Jobs that require post-secondary education or training usually offer more financial stability.

• True

• False

True or False: Earning a degree or certification can lead to a person getting a job with a higher starting wage.

• True

• False

How would a person’s decision to quit high school

most likely affect future earnings?

• It would increase future earnings.

• It would reduce future earnings.

• 1. It would not affect future earnings.

• It would result in no future earnings.

How will the decision to seek a higher degree affect your future earnings?

• It increases the amount of expenditures in a household.

• It increases the amount of potential income in a household.

• It decreases the amount of potential income in a household.

• It decreases the amount of job opportunities for an individual.

How does the decision to go to a trade school rather than a university affect the long-term financial goals of an individual?

• 1. It creates less debt from tuition and the ability to enter the workforce sooner.

• It creates more debt from tuition, and trade school takes longer to complete.

• It leads to more hands-on training and more difficulty finding a job.

• It leads to less hands-on training and less difficulty finding a job.

How can enlisting in the military potentially benefit a person’s financial future?

• Enlistment provides grants and loans to help pay for community college or university tuition.

• Enlistment provides monetary options in U.S. military bonds.

• Enlistment provides, until retirement, the opportunity to earn a high school equivalency certificate.

• Enlistment provides a high-paying job upon discharge.