Personal Financial Literacy

SSPF: Personal Financial Literacy

SSPF.A: Information Processing Skills

SSPF.B: Budget and Income

SSPF.C: Credit and Financial Institutions

SSPF.D: Consumers and Investments

SSPF.A.1: compare similarities and differences

SSPF.A.2: identify and write about issues and/or problems and alternative solutions

SSPF.A.3: distinguish between fact and opinion as used in informational/explanatory text

SSPF.A.4: identify and use primary and secondary sources

SSPF.A.5: identify social studies reference resources to use for a specific purpose

SSPF.A.6: construct charts and tables

SSPF.A.7: write arguments, informative text, and explanatory text that draw conclusions and make generalizations

SSPF.A.8: analyze graphs and diagrams

SSPF.A.9: formulate appropriate research questions

SSPF.A.10: write arguments, informative text, and explanatory text that determine adequacy and/or relevancy of information

SSPF.A.11: check for consistency of information

SSPF.A.12: interpret political cartoons

SSPF.B.13: evaluate various sources of income and analyze variables that affect a person’s income

SSPF.B.14: describe how budgeting and actively reviewing finances can be used to allocate scarce income

SSPF.B.15: evaluate different methods for paying for goods and services

SSPF.C.16: evaluate alternatives for life after high school including college, technical school, internships, working, military, doing nothing, taking a “gap year”, traveling, or other options

SSPF.C.17: describe the importance of credit and having a favorable credit score

SSPF.C.18: analyze the purpose and functions of various financial institutions

SSPF.D.19: explain how interest rates affect various consumer decisions

SSPF.D.20: evaluate reasons for and various methods of investment

SSPF.D.21: describe how insurance and other risk-management strategies protect against financial loss

SSPF.D.22: describe how government taxing and spending decisions affect consumers

SSPF.D.23: explain and evaluate various forms of consumer protection

SSPF.D.24: explain sources of and protection against identity theft

SSPF.A.1.a: write arguments focused on discipline-specific content by introducing precise, knowledgeable claim(s), establishing the significance of the claim(s), distinguishing the claim(s) from alternate or opposing claims, and creating an organization that logically sequences the claim(s), counterclaims, reasons, and evidence

SSPF.A.1.b: write arguments focused on discipline-specific content by developing claim(s) and counterclaims fairly and thoroughly, supplying the most relevant data and evidence for each while pointing out the strengths and limitations of both claim(s) and counterclaims in a discipline-appropriate form that anticipates the audience's knowledge level, concerns, values, and possible biases

SSPF.A.1.c: write informative/explanatory texts, including the narration of historical events by providing a concluding statement or section that follows from and supports the information or explanation provided (e.g., articulating implications or the significance of the topic)

SSPF.A.1.d: conduct short as well as more sustained research projects to answer a question (including a self-generated question) or solve a problem; narrow or broaden the inquiry when appropriate; synthesize multiple sources on the subject, demonstrating understanding of the subject under investigation

SSPF.A.2.a: write arguments focused on discipline-specific content by providing a concluding statement or section that follows from or supports the argument presented

SSPF.A.2.b: write informative/explanatory texts, including the narration of historical events by providing a concluding statement or section that follows from and supports the information or explanation provided (e.g., articulating implications or the significance of the topic)

SSPF.A.2.c: produce clear and coherent writing in which the development, organization, and style are appropriate to task, purpose, and audience

SSPF.A.2.d: develop and strengthen writing as needed by planning, revising, editing, rewriting, or trying a new approach, focusing on addressing what is most significant for a specific purpose and audience

SSPF.A.2.e: use technology, including the Internet, to produce, publish, and update individual or shared writing products in response to ongoing feedback, including new arguments or information

SSPF.A.2.f: conduct short as well as more sustained research projects to answer a question (including a self-generated question) or solve a problem; narrow or broaden the inquiry when appropriate; synthesize multiple sources on the subject, demonstrating understanding of the subject under investigation

SSPF.A.3.a: integrate and evaluate multiple sources of information presented in diverse formats and media (e.g., visually, quantitatively, as well as in words) in order to address a question or solve a problem

SSPF.A.3.b: evaluate an author's premises, claims, and evidence by corroborating or challenging them with other information

SSPF.A.3.c: integrate information from diverse sources, both primary and secondary, into a coherent understanding of an idea or event, noting discrepancies among sources

SSPF.A.3.d: write arguments focused on discipline-specific content by introducing precise, knowledgeable claim(s), establishing the significance of the claim(s), distinguishing the claim(s) from alternate or opposing claims, and creating an organization that logically sequences the claim(s), counterclaims, reasons, and evidence

SSPF.A.3.e: write arguments focused on discipline-specific content by developing claim(s) and counterclaims fairly and thoroughly, supplying the most relevant data and evidence for each while pointing out the strengths and limitations of both claim(s) and counterclaims in a discipline-appropriate form that anticipates the audience's knowledge level, concerns, values, and possible biases

SSPF.A.3.f: write informative/explanatory texts, including the narration of historical events by providing a concluding statement or section that follows from and supports the information or explanation provided (e.g., articulating implications or the significance of the topic)

SSPF.A.3.g: produce clear and coherent writing in which the development, organization, and style are appropriate to task, purpose, and audience

SSPF.A.3.h: develop and strengthen writing as needed by planning, revising, editing, rewriting, or trying a new approach, focusing on addressing what is most significant for a specific purpose and audience

SSPF.A.3.i: use technology, including the Internet, to produce, publish, and update individual or shared writing products in response to ongoing feedback, including new arguments or information

SSPF.A.4.a: cite specific textual evidence to support analysis of primary and secondary sources, connecting insights gained from specific details to an understanding of the text as a whole

SSPF.A.4.b: determine the central ideas or information of a primary or secondary source; provide an accurate summary that makes clear the relationships among the key details and ideas

SSPF.A.4.c: determine the meaning of words and phrases as they are used in a text, including analyzing how an author uses and refines the meaning of a key term over the course of a text

SSPF.A.4.d: analyze in detail how a complex primary source is structured, including how key sentences, paragraphs, and larger portions of the text contribute to the whole

SSPF.A.4.e: integrate and evaluate multiple sources of information presented in diverse formats and media (e.g., visually, quantitatively, as well as in words) in order to address a question or solve a problem

SSPF.A.4.f: evaluate an author's premises, claims, and evidence by corroborating or challenging them with other information

SSPF.A.4.g: integrate information from diverse sources, both primary and secondary, into a coherent understanding of an idea or event, noting discrepancies among sources

SSPF.A.4.h: by the end of grade 12, read and comprehend history/social studies texts in the grades 11-12 text complexity band independently and proficiently

SSPF.A.4.i: write informative/explanatory texts, including the narration of historical events by introducing a topic and organizing complex ideas, concepts, and information so that each new element builds on that which precedes it to create a unified whole; including formatting (e.g., headings), graphics (e.g., figures, tables), and multimedia when useful to aiding comprehension

SSPF.A.4.j: write informative/explanatory texts, including the narration of historical events by developing the topic thoroughly by selecting the most significant and relevant facts, extended definitions, concrete details, quotations, or other information and examples appropriate to the audience's knowledge of the topic

SSPF.A.4.k: write informative/explanatory texts, including the narration of historical events by using varied transitions and sentence structures to link the major sections of the text, creating cohesion, and clarifying the relationships among complex ideas and concepts

SSPF.A.4.l: write informative/explanatory texts, including the narration of historical events by using precise language, domain-specific vocabulary and techniques such as metaphor, simile, and analogy to manage the complexity of the topic; conveying a knowledgeable stance in a style that responds to the discipline and context as well as to the expertise of likely readers

SSPF.A.4.m: use technology, including the Internet, to produce, publish, and update individual or shared writing products in response to ongoing feedback, including new arguments or information

SSPF.A.4.n: conduct short as well as more sustained research projects to answer a question (including a self-generated question) or solve a problem; narrow or broaden the inquiry when appropriate; synthesize multiple sources on the subject, demonstrating understanding of the subject under investigation

SSPF.A.4.o: gather relevant information from multiple authoritative print and digital sources, using advanced searches effectively; assess the strengths and limitations of each source in terms of the specific task, purpose, and audience; integrate information into the text selectively to maintain the flow of ideas, avoiding plagiarism and overreliance on any one source and following a standard format for citation

SSPF.A.4.p: draw evidence from informational texts to support analysis, reflection, and research

SSPF.A.4.q: write routinely over extended time frames (i.e., time for reflection and revision) and shorter time frames (i.e., a single sitting or a day or two) for a range of discipline-specific tasks, purposes, and audiences

SSPF.A.5.a: cite specific textual evidence to support analysis of primary and secondary sources, connecting insights gained from specific details to an understanding of the text as a whole

SSPF.A.5.b: determine the central ideas or information of a primary or secondary source; provide an accurate summary that makes clear the relationships among the key details and ideas

SSPF.A.5.c: determine the meaning of words and phrases as they are used in a text, including analyzing how an author uses and refines the meaning of a key term over the course of a text

SSPF.A.5.d: analyze in detail how a complex primary source is structured, including how key sentences, paragraphs, and larger portions of the text contribute to the whole

SSPF.A.5.e: evaluate authors' differing points of view on the same historical event or issue by assessing the authors' claims, reasoning, and evidence

SSPF.A.5.f: integrate and evaluate multiple sources of information presented in diverse formats and media (e.g., visually, quantitatively, as well as in words) in order to address a question or solve a problem

SSPF.A.5.g: evaluate an author's premises, claims, and evidence by corroborating or challenging them with other information

SSPF.A.5.h: integrate information from diverse sources, both primary and secondary, into a coherent understanding of an idea or event, noting discrepancies among sources

SSPF.A.5.i: by the end of grade 12, read and comprehend history/social studies texts in the grades 11-12 text complexity band independently and proficiently

SSPF.A.5.j: write arguments focused on discipline-specific content by introducing precise, knowledgeable claim(s), establishing the significance of the claim(s), distinguishing the claim(s) from alternate or opposing claims, and creating an organization that logically sequences the claim(s), counterclaims, reasons, and evidence

SSPF.A.5.k: write arguments focused on discipline-specific content by using words, phrases, and clauses as well as varied syntax to link the major sections of the text, creating cohesion, and clarifying the relationships between claim(s) and reasons, between reasons and evidence, and between claim(s) and counterclaims

SSPF.A.5.l: write arguments focused on discipline-specific content by establishing and maintaining a formal style and objective tone while attending to the norms and conventions of the discipline in which they are writing

SSPF.A.5.m: write informative/explanatory texts, including the narration of historical events by introducing a topic and organizing complex ideas, concepts, and information so that each new element builds on that which precedes it to create a unified whole; including formatting (e.g., headings), graphics (e.g., figures, tables), and multimedia when useful to aiding comprehension

SSPF.A.5.n: write informative/explanatory texts, including the narration of historical events by developing the topic thoroughly by selecting the most significant and relevant facts, extended definitions, concrete details, quotations, or other information and examples appropriate to the audience's knowledge of the topic

SSPF.A.5.o: write informative/explanatory texts, including the narration of historical events by using varied transitions and sentence structures to link the major sections of the text, creating cohesion, and clarifying the relationships among complex ideas and concepts

SSPF.A.5.p: write informative/explanatory texts, including the narration of historical events by using precise language, domain-specific vocabulary and techniques such as metaphor, simile, and analogy to manage the complexity of the topic; conveying a knowledgeable stance in a style that responds to the discipline and context as well as to the expertise of likely readers

SSPF.A.5.q: use technology, including the Internet, to produce, publish, and update individual or shared writing products in response to ongoing feedback, including new arguments or information

SSPF.A.5.r: conduct short as well as more sustained research projects to answer a question (including a self-generated question) or solve a problem; narrow or broaden the inquiry when appropriate; synthesize multiple sources on the subject, demonstrating understanding of the subject under investigation

SSPF.A.5.s: gather relevant information from multiple authoritative print and digital sources, using advanced searches effectively; assess the strengths and limitations of each source in terms of the specific task, purpose, and audience; integrate information into the text selectively to maintain the flow of ideas, avoiding plagiarism and overreliance on any one source and following a standard format for citation

SSPF.A.5.t: draw evidence from informational texts to support analysis, reflection, and research

SSPF.A.6.a: write informative/explanatory texts, including the narration of historical events by introducing a topic and organizing complex ideas, concepts, and information so that each new element builds on that which precedes it to create a unified whole; including formatting (e.g., headings), graphics (e.g., figures, tables), and multimedia when useful to aiding comprehension

SSPF.A.7.a: determine the central ideas or information of a primary or secondary source; provide an accurate summary that makes clear the relationships among the key details and ideas

SSPF.A.7.b: determine the meaning of words and phrases as they are used in a text, including analyzing how an author uses and refines the meaning of a key term over the course of a text

SSPF.A.7.c: analyze in detail how a complex primary source is structured, including how key sentences, paragraphs, and larger portions of the text contribute to the whole

SSPF.A.7.d: by the end of grade 12, read and comprehend history/social studies texts in the grades 11-12 text complexity band independently and proficiently

SSPF.A.7.e: write arguments focused on discipline-specific content by developing claim(s) and counterclaims fairly and thoroughly, supplying the most relevant data and evidence for each while pointing out the strengths and limitations of both claim(s) and counterclaims in a discipline-appropriate form that anticipates the audience's knowledge level, concerns, values, and possible biases

SSPF.A.7.f: write arguments focused on discipline-specific content by providing a concluding statement or section that follows from or supports the argument presented

SSPF.A.7.g: write informative/explanatory texts, including the narration of historical events by developing the topic thoroughly by selecting the most significant and relevant facts, extended definitions, concrete details, quotations, or other information and examples appropriate to the audience's knowledge of the topic

SSPF.A.7.h: write informative/explanatory texts, including the narration of historical events by using varied transitions and sentence structures to link the major sections of the text, creating cohesion, and clarifying the relationships among complex ideas and concepts

SSPF.A.7.i: write informative/explanatory texts, including the narration of historical events by using precise language, domain-specific vocabulary and techniques such as metaphor, simile, and analogy to manage the complexity of the topic; conveying a knowledgeable stance in a style that responds to the discipline and context as well as to the expertise of likely readers

SSPF.A.7.j: write informative/explanatory texts, including the narration of historical events by providing a concluding statement or section that follows from and supports the information or explanation provided (e.g., articulating implications or the significance of the topic)

SSPF.A.7.k: produce clear and coherent writing in which the development, organization, and style are appropriate to task, purpose, and audience

SSPF.A.7.l: develop and strengthen writing as needed by planning, revising, editing, rewriting, or trying a new approach, focusing on addressing what is most significant for a specific purpose and audience

SSPF.A.7.m: conduct short as well as more sustained research projects to answer a question (including a self-generated question) or solve a problem; narrow or broaden the inquiry when appropriate; synthesize multiple sources on the subject, demonstrating understanding of the subject under investigation

SSPF.A.8.a: write informative/explanatory texts, including the narration of historical events by introducing a topic and organizing complex ideas, concepts, and information so that each new element builds on that which precedes it to create a unified whole; including formatting (e.g., headings), graphics (e.g., figures, tables), and multimedia when useful to aiding comprehension

SSPF.A.9.a: write arguments focused on discipline-specific content by using words, phrases, and clauses as well as varied syntax to link the major sections of the text, creating cohesion, and clarifying the relationships between claim(s) and reasons, between reasons and evidence, and between claim(s) and counterclaims

SSPF.A.9.b: write arguments focused on discipline-specific content by establishing and maintaining a formal style and objective tone while attending to the norms and conventions of the discipline in which they are writing

SSPF.A.9.c: conduct short as well as more sustained research projects to answer a question (including a self-generated question) or solve a problem; narrow or broaden the inquiry when appropriate; synthesize multiple sources on the subject, demonstrating understanding of the subject under investigation

SSPF.A.10.a: determine the meaning of words and phrases as they are used in a text, including analyzing how an author uses and refines the meaning of a key term over the course of a text

SSPF.A.10.b: analyze in detail how a complex primary source is structured, including how key sentences, paragraphs, and larger portions of the text contribute to the whole

SSPF.A.10.c: evaluate authors' differing points of view on the same historical event or issue by assessing the authors' claims, reasoning, and evidence

SSPF.A.10.d: integrate and evaluate multiple sources of information presented in diverse formats and media (e.g., visually, quantitatively, as well as in words) in order to address a question or solve a problem

SSPF.A.10.e: evaluate an author's premises, claims, and evidence by corroborating or challenging them with other information

SSPF.A.10.f: integrate information from diverse sources, both primary and secondary, into a coherent understanding of an idea or event, noting discrepancies among sources

SSPF.A.10.g: by the end of grade 12, read and comprehend history/social studies texts in the grades 11-12 text complexity band independently and proficiently

SSPF.A.10.h: write arguments focused on discipline-specific content by introducing precise, knowledgeable claim(s), establishing the significance of the claim(s), distinguishing the claim(s) from alternate or opposing claims, and creating an organization that logically sequences the claim(s), counterclaims, reasons, and evidence

SSPF.A.10.i: write arguments focused on discipline-specific content by using words, phrases, and clauses as well as varied syntax to link the major sections of the text, creating cohesion, and clarifying the relationships between claim(s) and reasons, between reasons and evidence, and between claim(s) and counterclaims

SSPF.A.10.j: write arguments focused on discipline-specific content by establishing and maintaining a formal style and objective tone while attending to the norms and conventions of the discipline in which they are writing

SSPF.A.10.k: write informative/explanatory texts, including the narration of historical events by developing the topic thoroughly by selecting the most significant and relevant facts, extended definitions, concrete details, quotations, or other information and examples appropriate to the audience's knowledge of the topic

SSPF.A.10.l: write informative/explanatory texts, including the narration of historical events by using varied transitions and sentence structures to link the major sections of the text, creating cohesion, and clarifying the relationships among complex ideas and concepts

SSPF.A.10.m: write informative/explanatory texts, including the narration of historical events by using precise language, domain-specific vocabulary and techniques such as metaphor, simile, and analogy to manage the complexity of the topic; conveying a knowledgeable stance in a style that responds to the discipline and context as well as to the expertise of likely readers

SSPF.A.10.n: use technology, including the Internet, to produce, publish, and update individual or shared writing products in response to ongoing feedback, including new arguments or information

SSPF.A.10.o: gather relevant information from multiple authoritative print and digital sources, using advanced searches effectively; assess the strengths and limitations of each source in terms of the specific task, purpose, and audience; integrate information into the text selectively to maintain the flow of ideas, avoiding plagiarism and overreliance on any one source and following a standard format for citation

SSPF.A.10.p: draw evidence from informational texts to support analysis, reflection, and research

SSPF.A.11.a: evaluate authors' differing points of view on the same historical event or issue by assessing the authors' claims, reasoning, and evidence

SSPF.A.11.b: write informative/explanatory texts, including the narration of historical events by introducing a topic and organizing complex ideas, concepts, and information so that each new element builds on that which precedes it to create a unified whole; including formatting (e.g., headings), graphics (e.g., figures, tables), and multimedia when useful to aiding comprehension

SSPF.A.11.c: write informative/explanatory texts, including the narration of historical events by developing the topic thoroughly by selecting the most significant and relevant facts, extended definitions, concrete details, quotations, or other information and examples appropriate to the audience's knowledge of the topic

SSPF.A.11.d: write informative/explanatory texts, including the narration of historical events by using varied transitions and sentence structures to link the major sections of the text, creating cohesion, and clarifying the relationships among complex ideas and concepts

SSPF.A.11.e: write informative/explanatory texts, including the narration of historical events by using precise language, domain-specific vocabulary and techniques such as metaphor, simile, and analogy to manage the complexity of the topic; conveying a knowledgeable stance in a style that responds to the discipline and context as well as to the expertise of likely readers

SSPF.A.11.f: gather relevant information from multiple authoritative print and digital sources, using advanced searches effectively; assess the strengths and limitations of each source in terms of the specific task, purpose, and audience; integrate information into the text selectively to maintain the flow of ideas, avoiding plagiarism and overreliance on any one source and following a standard format for citation

SSPF.A.11.g: draw evidence from informational texts to support analysis, reflection, and research

SSPF.A.12.a: write informative/explanatory texts, including the narration of historical events by introducing a topic and organizing complex ideas, concepts, and information so that each new element builds on that which precedes it to create a unified whole; including formatting (e.g., headings), graphics (e.g., figures, tables), and multimedia when useful to aiding comprehension

SSPF.B.13.a: analyze income as a scarce resource that must be allocated

SSPF.B.13.b: compare different types of income including hourly wages, salary, tips, independent contractor services (Form 1099), dividends, and capital gains

SSPF.B.13.c: analyze how career choice, education, skills, and economic conditions are related to income and levels of unemployment

SSPF.B.13.d: describe how income taxes affect disposable income

SSPF.B.13.e: review and complete a sample federal individual income tax form 1040EZ or 1040A

SSPF.B.13.f: describe the basic components of a pay-stub including gross pay, net pay, and common deductions (i.e. federal and state income tax, Federal Insurance Contributions Act (FICA - which includes Social Security and Medicare), and elective deductions like insurance and tax-deferred savings)

SSPF.B.14.a: explain the importance of setting short-term, medium-term, and long-term savings goals

SSPF.B.14.b: differentiate between needs and wants

SSPF.B.14.c: analyze the basic components of a personal budget including income, expenses, and savings

SSPF.B.14.d: explain how to reconcile a checking account, either online or on paper, including how to account for transactions that have not been posted (i.e. checks or weekend debit card transactions

SSPF.B.14.e: describe overdraft fees including why they are assessed and how to avoid them

SSPF.B.14.f: explain the concept of net worth including assets such as home ownership

SSPF.B.15.a: describe advantages and disadvantages of paying for goods and services with cash, checks, debit cards, credit cards, and other options such as consequences non-payment of debts

SSPF.B.15.b: compare and contrast debit, credit, and prepaid cards in terms of how they work, acceptability, and the costs associated with each

SSPF.B.15.c: explain how to avoid fees when using debit, credit, and pre-paid cards

SSPF.B.15.d: explain the major consumer protections related to debit, credit, and pre-paid cards, especially if they are lost or stolen

SSPF.C.16.a: use a rational decision making model to identify the most appropriate alternative from the options

SSPF.C.16.b: describe opportunity cost as it relates to options

SSPF.C.16.c: evaluate costs and benefits of various ways to pay for post-high school life including scholarships, employment, work-study programs, loans, grants, savings, prior investments, and other options such as public service loan forgiveness

SSPF.C.16.d: review and complete a sample Free Application for Federal Student Aid (FAFSA) form

SSPF.C.17.a: define credit and interest rates

SSPF.C.17.b: describe factors that affect credit worthiness and the ability to receive favorable interest rates including character (credit score), collateral, and capacity to pay

SSPF.C.17.c: describe the basic components of a credit score including payment history, debt to income ratio, amount owed, length of credit history, types of credit used, amount of available credit, and recent credit applications

SSPF.C.17.d: describe different ways financial institutions, employers, and other parties use credit reports and credit scores

SSPF.C.17.e: describe how to access one’s credit report and credit score

SSPF.C.17.f: analyze and evaluate a sample credit report

SSPF.C.17.g: explain how to begin building a good credit history at an early age

SSPF.C.17.h: explain causes of personal bankruptcy and describe consequences of declaring bankruptcy

SSPF.C.18.a: analyze services offered by different financial institutions including banks, credit unions, payday lenders, and title pawn lenders

SSPF.C.18.b: explain that some financial institutions are for profit and others are non-profit and how that affects the lending behavior of the institution

SSPF.C.18.c: compare the benefits and drawbacks of different financial institutions including banks, credit unions, payday lenders, and title pawn lenders

SSPF.C.18.d: describe difficulties “unbanked” people face; including lack of security, difficulties securing financial services, and increased financial cost compared to using traditional financial institutions

SSPF.D.19.a: explain how actions taken by the Federal Reserve System affect interest rates

SSPF.D.19.b: compare interest rates on loans and credit cards from different institutions including banks, credit unions, pay-day loan facilities, and title-pawn

SSPF.D.19.c: define annual percentage rate and analyze how different interest rates can affect monthly payments on loans

SSPF.D.19.d: explain the difference between simple and compound interest and the difference between fixed and variable interest

SSPF.D.19.e: define nominal and real returns and explain how inflation affects savings and investment accounts earning interest

SSPF.D.20.a: evaluate the risk and return of a variety of savings and investment options including savings accounts, certificates of deposit, stocks, bonds, and mutual funds

SSPF.D.20.b: explain the advantages of using tax-advantaged retirement planning including a tradition Individual Retirement Account (IRA), a Roth IRA, a myRA, and a company 401K or 403b

SSPF.D.20.c: describe the importance of diversification investing

SSPF.D.20.d: describe the differences in strategies used for long-term investing vs. short term investing

SSPF.D.21.a: define insurance as an agreement where one party agrees to pay for another’s damage or loss in exchange for payment

SSPF.D.21.b: define risk as it relates to various assets (i.e. your person, property, or investments)

SSPF.D.21.c: describe various types of insurance including automobile, health, life (whole and term), disability, and property

SSPF.D.21.d: review and describe the basic components of a sample automobile, health, and property insurance policy

SSPF.D.21.e: analyze different methods for obtaining health insurance including through an employer, private purchase, Consolidated Omnibus Budget Reconciliation Act (COBRA), and through various health insurance exchanges

SSPF.D.21.f: analyze the costs and benefits associated with different types of insurance, including co-pays, deductibles, premiums, shared liability, and asset protection

SSPF.D.21.g: define insurability and explain why insurance rates can vary

SSPF.D.22.a: define progressive, regressive, and proportional taxes

SSPF.D.22.b: analyze the purpose of different types of taxes including income, property, sales, excise, and capital gains

SSPF.D.22.c: explain how an increase in sales tax affects different income groups

SSPF.D.22.d: describe government programs designed to provide assistance to low income individuals such as the Supplemental Nutrition Assistance Program (SNAP) (including the special program for Women, Infants, and Children (WIC)), Medicaid, State Children’s Health Insurance Program (SCHIP), and public housing

SSPF.D.22.e: explain how unemployment insurance is provided by federal and state governments

SSPF.D.23.a: describe the roles of the Securities and Exchange Commission (SEC), Federal Trade Commission (FTC), National Credit Union Association (NCUA), Federal Deposit Insurance Corporation (FDIC), and the Consumer Financial Protection Bureau (CFPB) in protecting consumers

SSPF.D.23.b: compare different methods for lodging consumer complaints (e.g., Better Business Bureau, usa.gov/consumer-complaints, direct contact with business)

SSPF.D.23.c: explain the primary purpose of important consumer legislation including the Truth in Lending Act, Fair Debt Collection Practices Act, Fair Credit Reporting Act, and the Dodd-Frank Act

SSPF.D.24.a: describe common ways identity theft happens including dumpster diving, skimming, phishing, stealing, and hacking

SSPF.D.24.b: analyze ways to protect yourself from identity theft including shredding important documents, not opening attachments to unknown emails, not revealing personal information over the phone or email, using secure networks, regularly checking your credit score, and changing passwords on accounts

SSPF.D.24.c: describe steps that should be taken if a person is the victim of identity theft including getting replacement credit cards, freezing credit histories, alerting appropriate officials, and changing passwords

SSPF.D.24.d: describe the basic characteristics of investment scams such as Ponzi schemes, pump and dumps, and “advance fee” scams and how to avoid them