Teacher Salary and Loan Insights

Teacher Salary and Loan Insights

Assessment

Interactive Video

Business

9th - 10th Grade

Hard

Created by

Thomas White

FREE Resource

The video tutorial discusses the financial aspects of a teaching career, including starting salaries, salary progression, and total lifetime earnings. It explains how teachers' salaries increase over time, reaching a peak after 21 years. The video also covers retirement benefits, such as pensions, and the financial impact of student loans. Overall, the average teacher's lifetime earnings, including pension, amount to $3.4 million.

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the starting salary for a typical teacher at age 23?

$40,000

$44,000

$55,000

$50,000

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much does a teacher's salary increase on average each year?

1.5%

2.5%

3.0%

2.0%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

At what salary does a teacher typically top out after 21 years?

$65,000

$70,000

$74,000

$80,000

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the estimated total lifetime earnings of a teacher who retires at age 65?

$2.8 million

$2.5 million

$3.4 million

$3.0 million

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of their top salary do teachers receive as a pension?

60%

50%

65%

55%

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much is the annual pension for a teacher with a top salary of $74,000?

$46,000

$40,000

$42,000

$44,000

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

For how many years is the pension calculated if the average lifespan is 80 years?

15 years

20 years

10 years

12 years

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