Assignment Overview: This assignment involves inquiry into the practicalities of daily financing for people at various social class positions in the USA today.
Theprompt: Income Group: Top 1% average wage per month
Average Monthly Income: $32,833 in cash income ($1,153,333.00 including household wealth).
You must plan out an average month’s finances, answering these questions:
Who is the average person living in your financial group? (you may name your person, make up a fake bio, or just talk about your person in a general way)
What sort of work do you do? How will you get to work?
Where can you afford to live? (In an apartment? With roommates or alone? Can you afford to own a home?)
Calculate an average months’ worth of expenses, including utilities, credit cards, car and health insurance, transportation costs, and a menu of food for the average day.
Take into account entertainment and luxuries as well.
Is it easy or difficult to provide for basic necessities? To save money for emergencies? To put away wealth to pass on to family through home ownership, college, and other vehicles of financial success?
Ultimately, how does the average person in your income group live?
Finally, reflect on what this exercise has taught you about the disparities that exist in this country between income groups.
Group Presentation: Take the information that you have gather from research and create a professional multimedia presentation (a video or a PowerPoint presentation) and present your group’s findings to your classmates. Presentations should contain a Works Cited of 10 or more citations (including images). Presentations should be interesting and persuasive.