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Distinguishing between credit myths and realities

Updated

Students analyze and make judgments about credit and borrowing statements to better understand the reality of debt.

Big idea

Misconceptions about credit can be a barrier on the path to financial well-being.

Essential questions

  • How do strong financial knowledge and decision-making skills help people debunk myths and misinformation about credit?

  • What concepts and analytical skills help people make informed choices related to credit?

Objectives

  • Determine which statements about credit and borrowing are true and false

  • Participate in a class discussion about credit and borrowing

What students will do

  • Decide which statements about credit can be categorized as myth or reality.

  • Engage in class discussion to debunk myths about credit and borrowing.

  • Optional: Plan quick improvisational skits to act out a credit myth or a credit reality and ask the class to guess which category is being represented.