Extra Credit: It's No Fairy Tale
Description Return to Resource List
- Title
- Extra Credit: It's No Fairy Tale
- Reserve Bank
- St. Louis
Summary
In this lesson, students read a story that illustrates some of the trends and concerns discussed in "Extra Credit: The Rise of Short-term Liabilities." The facts of the story are then analyzed to identify the debt trap and to generate solutions to the problem. Using an online calculator, students calculate the amount of time it takes to pay off a credit card based on the monthly payment amount.
Additional Information
| Types |
|
Lesson Plans |
| Topic |
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Personal Finance |
| Target Audience |
|
Teachers |
| Grade Level |
|
9-12 |
| Keywords |
| credit, short-term credit, interest |
| Education Standards |
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