Financial Literacy: Career Readiness

Twenty-First Century Skills

• Critical thinking

• Communication skills

• Creativity

• Problem solving

• Perseverance

• Collaboration

• Information literacy

• Technology skills and digital literacy

• Media literacy

• Global awareness

• Self-direction

• Social skills

• Literacy skills

• Civic literacy

• Social responsibility

• Innovation skills

• Thinking skills

Regular Paycheck

Base wage plus pay steps.

Irregular Paycheck

Paycheck that varies in both amount and timing.

Hourly Wage

Set amount of money an employee earns each hour they work.

Salary

a fixed regular payment, typically paid on a monthly or biweekly basis but often expressed as an annual sum

Income Fluctuation

when the amount is different for the months of the payment quarter.

Hard Skills

technical skills that are learned and that require IQ (intelligence quotient)

Soft Skills

character traits and interpersonal skills requiring EQ (emotional quotient) that guide how you interact with others­

Resumé

from a French word meaning “to sum up” or a summary

Entrepreneur

Someone who starts and runs their business

Personal Brand

A widely recognized perception or impression of an individual based o conduct, experience, skills, and actions.

Mentor

someone who supports, guides, and advises another person over a period of time

Economic Interdependence

the state that exists when two or more individuals, people, groups, businesses, or countries transact with each other.

Macroeconomics

the part of economics concerned with large-scale or general economic factors, such as interest rates and national productivity.

Microeconomics

the branch of economics that studies the behavior of individual economic agents, such as consumers, households, and firms, and how they make decisions regarding the allocation of limited resources

Inflation

a general increase in prices and fall in the purchasing value of money.

Deflation

reduction of the general level of prices in an economy

Gross Domestic Product (GDP)

Economic Indicators

Standard of Living

Supply and Demand

Profit and Motive

Business Cycle

Exports

Imports

Protectionism

Subsidy

Scarcity