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    Linds Rivera
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    This document summarizes different categories of financial well-being using candy as an analogy. The Payday candy represents the "Millionaire's Club" which makes up 4% of the population who worked hard, were patient, invested early, and are now financially secure. Smarties represent the 20% who are "Debt-Free and Living Large" by paying off debts like mortgages and student loans. Dum Dums symbolize the majority at 71% who are "Normal: Debt-Ridden and Disgusted" and struggle living paycheck to paycheck with debts. Finally, Jawbreakers and Milk Duds depict the small percentages who are "Struggle Bus: Broke and Busted"

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    This document summarizes different categories of financial well-being using candy as an analogy. The Payday candy represents the "Millionaire's Club" which makes up 4% of the population who worked hard, were patient, invested early, and are now financially secure. Smarties represent the 20% who are "Debt-Free and Living Large" by paying off debts like mortgages and student loans. Dum Dums symbolize the majority at 71% who are "Normal: Debt-Ridden and Disgusted" and struggle living paycheck to paycheck with debts. Finally, Jawbreakers and Milk Duds depict the small percentages who are "Struggle Bus: Broke and Busted"

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    70 views2 pages

    Act ch01 l01 English

    Uploaded by

    Linds Rivera
    This document summarizes different categories of financial well-being using candy as an analogy. The Payday candy represents the "Millionaire's Club" which makes up 4% of the population who worked hard, were patient, invested early, and are now financially secure. Smarties represent the 20% who are "Debt-Free and Living Large" by paying off debts like mortgages and student loans. Dum Dums symbolize the majority at 71% who are "Normal: Debt-Ridden and Disgusted" and struggle living paycheck to paycheck with debts. Finally, Jawbreakers and Milk Duds depict the small percentages who are "Struggle Bus: Broke and Busted"

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    © All Rights Reserved
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    of 2

    Suzanne’s Candy Craze

    CHAPTER 1, LESSON 1

    NAME DATE
    lindsey 1/8/24

    DIRECTIONS
    Take notes for each people group below as your teacher explains what each candy represents.

    1. Payday—Millionaire’s Club
    4% of the population. hard work and patience. financial plan together early, no debt. invested early.
    Wise with wealth. Own real estate. can retire comfortably.

    2. Smarties—Debt-Free and Living Large


    20% of population. debt free. cash for your car and payed off your house. no student loans. pay for
    things with cash.

    3. Dum Dums—Normal: Debt-Ridden and Disgusted


    71% of population. living paycheck to paycheck. have student loans and credit card debt. cannot
    afford to buy a house.

    4. Jawbreakers—Struggle Bus: Broke and Busted


    4% of population. broke and busted. behind on all your payments. no saving and nothing set side
    for retirement.

    5. Milk Duds—Bankrupt: Decline by Debt


    1% of population. bankrupt. dont have anything. youre renting and have several jobs. stress is high.
    health is declining

    FO U NDATI O N S I N PERSONAL FI NANCE PAGE 1 O F 2


    Suzanne’s Candy Craze
    CHAPTER 1, LESSON 1

    DIRECTIONS
    Answer the following questions and be ready to discuss with the class.

    6. Did you know that 72% of Americans are burdened with debt? What makes this
    percentage surprising?
    You'd think that people would be a little more responsible with their money.

    7. Even though America is the wealthiest nation in the world, why do you think so many
    Americans are struggling with money problems?
    Everything costs a lot more now than before. Money goes away faster because spending is a
    whole lot easier now.

    8. What kind of loan debt is not alleviated when you file for bankruptcy?
    mortgage or car loans

    9. How do a person’s financial decisions impact his or her financial well-being over a lifetime?
    if you cant control your own money, you wont have any left.

    10. What did you learn from this lesson?


    knowing about what kind of categories you could fall into gives me an idea of what i do and dont
    want to fall into.

    FO U NDATI O N S I N PERSONAL FI NANCE PAGE 2 O F 2

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