Budget and Debt
What is Budget?
A financial plan that estimates income and expenses for a specific period. A plan for how to spend your money
What is Healthcare?
The effort to maintain or restore physical, mental, and emotional well-being, especially by licensed professionals like doctors and nurses.
What is Employment?
The condition of having a job/ paid work
What is immigration?
The action of coming to live permanently in a foreign country?
What is Capitalism?
An economic system where private individuals or businesses own the means of production to make a profit.
What is Debt?
Money that has been borrowed and must be repaid.
What are the main challenges in the U.S. healthcare system?
High and escalating costs, a shortage of healthcare professionals, and a significant disparities, in access and quality of care.
Are labor and employment the same thing?
No
What are some causes of immigration?
Job seeking, political and social issues such as violence, persecution, and conflict, climate change, etc...
What are the disadvantages of capitalism?
Unemployment, underemployment, explosion of labor, stress and uncertainty, etc...
What are the five basics of a budget?
Income, fixed expenses, flexible and unplanned expenses, Debt, savings.
How can healthcare costs be lowered while still ensuring quality care?
through a focus on preventative care, increasing operational efficiency with technology, improving care coordination, and promoting patient engagement.
What are the three legal rights every employee has?
Healthy workplace, fair wages and benefits, freedom from discrimination and harassment.
How does immigration effect the economy?
Fills labor shortages, contributed to tax revenue, state and local budget, etc...
What are the advantages of capitalism?
robust economic growth, high levels of innovation and efficiency, extensive consumer choice, and significant personal economic freedom.
How does debt affect life?
Increased stress and anxiety, depression, shame, strained relationship, difficulty focusing, etc...
What are the top three health issues?
heart disease, cancer, and stroke.
What is the hardest month to find a job?
November and December due to holiday season, and July and August during the summer.
How does the immigration system work?
Allows people to come to the U.S. through various pathways like family ties, work visas, etc...
How does capitalism contribute to economic growth and innovation?
competition, profit incentives, and private ownership.
What age is it normal to be debt free?
60-65
What age group does suicide the most?
Females: 45-64
Males: 75+
What are the top 3 causes of unemployment?
Cyclical unemployment, structural unemployment, frictional unemployment.
How can a foreign national gain legal permanent resident status?
Through family sponsorship, employment, or humanitarian programs like refugee or asylum status.
What are the effects of capitalism on the lives of individuals, including workers and those unable to participate in the labor market?
poverty, hunger, and lack of access to basic needs