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Distinguishing between earned and unearned income

Updated

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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