Distinguishing between earned and unearned income
Students play a game to help them learn the difference between earned and unearned income.
Big idea
Even though income often comes from money people make at their jobs, income can also come from other sources like allowances, awards, gifts, investments, and prizes.
Essential questions
- What’s the difference between earned and unearned income?
- Why do I need to know the difference between earned and unearned income?
Objectives
- Compare and contrast earned and unearned income
- Provide examples of each type of income
What students will do
- Explore the difference between earned and unearned income.
- Play a game to practice distinguishing between the two types of income.
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Teacher guide
Distinguishing between earned and unearned income (guide)
Note: Please remember to consider your students’ accommodations and special needs to ensure that all students are able to participate in a meaningful way.