- Earning income This includes collecting rent, stock dividends and interest on bonds. It also includes a discussion of the labor market and how education may lead to higher wages.
- Buying goods and services This includes planning, comparing, budgeting and making choices.
- Saving This includes near- and long-term goals and how time, interest rates and inflation affect savings.
- Using credit This includes borrowing options and how credit history helps determine availability of credit and the rate of interest that you pay.
- Investing This includes risk, rates of return and diversification.
- Protecting and insuring This includes potential loss of health, assets, income and identity, and how behavior affects the cost of insurance.
Read more: http://business.time.com/2013/03/12/coming-soon-new-standards-for-teaching-kids-about-money/#ixzz2Ntvaq7uB
Many workers (41%) named cost of living and day-to-day expenses as their top reason for not contributing more to their employer’s retirement plans. Only 46% said they have calculated what they would need to save in order to live comfortably in retirement, EBRI says. Average worker incomes have fallen since the 1970s by 7% in real wages. Social Security benefits may last to 2033. “In 2033, incoming revenue and trust fund resources will be insufficient to maintain payment of full benefits,” . Treasury Secretary Tim Geithner, said, referring to Social Security. “At that point there will only be enough money to cover about three-fourths of full benefits.”
Big Bang confirmed—the entire universe came from a speck—The First Miracle
New data says the visible portion of the universe was smaller than an atom when, in a split second, it exploded, cooled and expanded faster than the speed of light. The Planck space probe looked back at the afterglow of the Big Bang, and those results have now added about 80 million years to the universe's age, putting it at 13.81 billion years old.