Description: Students are introduced to different types of credit and discuss some of the benefits and costs of credit. They then consider how borrowing affects a person’s net worth.
- Go to https://www.stlouisfed.org/education/making-personal-finance-decisions-curriculum- unit (Making Personal Finance Decisions Curriculum Unit).
- Use “Lesson 9B: Evaluating the Benefits and Costs of Credit” (pdf) and the accompanying PowerPoint slides for Lesson 9B.