Tasks:

1) You should also create a hand-drawn chart to show how , in theory, a person’s earnings might change over the course of their lifetime. This should be saved as a digital version (you might draw it using online tool such as dabbleboard, or you might draw it by hand on a tablet, or you might draw it on paper and scan / photograph it).

2) Your task is to write the script for a audio report describing and explaining (giving likely reasons for) how earnings are likely to change over the course of a person’s lifetime, and you should refer to your image. You should aim for a report that lasts approximately 2 minutes maximum.

Image: Some rights reserved by dslrninja

Resources:

These resources should help you to visualise things. Some are quite complex – it is up to you to simplify the information while keeping some of their main information ‘in tact’.

Average Lifetime Earnings Trajectories by Education – by Political Calculations. Click on the image in the blog article.

Peak Earnings by Mother Jones

US Average Income per Income Earner by Age Group for 1995 and 2005 – via Political Calculations

Distribution of US Individual Income by Age, 1995 via Political Calculations

Education and raises by Marginal Revolution

This following ‘infographic’ actually tackles how ‘discretionary income’ changes – you should read what this actually means as it is different from earnings, but still worth exploring.

How Does Discretionary Income Change Over A Lifetime?