What'S Your Billionaire Age - Middle School Article Of The Week Worksheet

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Article of the Week
Vale Middle School –– What’s Your Billionaire Age?
READING STUDENTS: READ AND ANSWER 4 QUESTIONS.
LITERATURE STUDENTS: READ AND ANSWER ALL QUESTIONS.
Read the following article carefully and make notes in the margin as you read.
Your notes should include:
o Comments that show that you understand the article. (A summary or statement of the main
idea of important sections may serve this purpose.)
o Questions you have that show what you are wondering about as you read.
o Notes that differentiate between fact and opinion.
o Observations about how the writer’s strategies (organization, word choice, perspective,
support) and choices affect the article.
Your margin notes are part of your score for this assignment.
Student ______________________________________
Class Period ___________________________________
Notes on my thoughts,
What's Your Billionaire Age?
reactions and questions as I
read:
The concept of a billion dollars is pretty hard to fathom, which is okay because
about 99.999% of us will never really have to deal with it. According to Forbes,
the world has 1,011 billionaires out of nearly seven billion people, so it's not
exactly an everyday occurrence. Those that do become billionaires seem to do
it through a mixture of ingenuity, intelligence and timing, or they just inherit it.
For the rest of us - those working average jobs, investing normally and living an
average lifestyle - how long would it take to become a billionaire? Is it even
possible?
If you're making around $50,000 per year, it won't take forever to amass a
million dollars, and indeed, many people will be able to achieve that in their
lifetime. But a billion dollars? That'd be 1,000 lifetimes, kind of. We'll check out a
range of jobs in the U.S. and some typical investments to see how long it would
take someone to become a billionaire. We'll be using the saving rate of 10% of
someone's income for the year, which may be a little bit optimistic, but it gives a
good picture of how long it takes to become a billionaire on an average joe's
salary.
Teaching Your Way To a Fortune
There are more than one million teachers in the U.S. according to the Bureau of
Labor Statistics, and the mean salary for elementary and secondary school
teachers is $55,210. If you're a teacher and are able to put aside 10% of your
salary every year ($5,521) then it will take around 186 years for you to become
a billionaire if you have your money in a long-term savings account paying 5%
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