Embedded Files
6.2 Lesson Plan
DISCUSSION:
Analyze the data below and then discuss the following questions with your classmates or with a partner:
[DOK 1] Between 1995 and 2023, what year had the lowest average credit card interest rate and approximately what was it?
[DOK 1] During this time span, approximately how much larger was the highest average credit card interest rate than the lowest?
[DOK 2] What does the graph suggest about the stability of credit card interest rates over a long period of time?
[DOK 3] The gray bars represent periods of economic recession. What pattern, if any, can you see in how recessions affect credit card interest rates? Why do you think this is?
[DOK 2] Inflation (the rising costs of goods and services) in the United States has been stubbornly high since the beginning of 2021. Use the graph to theorize how high inflation might be tied to credit card interest rates.
1 5 min
In this activity, students will be able to:
Discuss data for the price of credit card use.
VIDEO:
Credit Card Debt Explained
As you’ve seen, college students use credit cards for a wide variety of purchases. But, what happens if they (or anyone) spend way too much using credit? Watch this video and answer the questions EdPuzzle.
How the credit card billing cycle works
How the credit card billing cycle works
2 x min
In this activity, students will be able to:
Explain how a credit card works in terms of making purchases and managing payments
DI:
D
3 x min
In this activity, students will be able to:
D
D:
Di
4 x min
In this activity, students will be able to:
D
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