Investigate the effects of government actions and economic conditions on personal financial planning.

major roles of government:

To provide services for citizens
To protect consumers, businesses, and workers
To regulate utilities while promoting competition
To provide information and assistance to businesses
To purchase goods and services
To hire and manage public employees
To raise revenue

It should also include the direct or indirect effect that these roles have on business expansion, consumer affairs, and economic growth in our economy and on personal financial planning (e.g., market influence, income tax, FICA, insurance, Social Security).

Investigation should include the effects of supply and demand and other basic economic concepts on spending power, unemployment, and inflation and deflation and the potential impact of these economic factors on a personal financial plan.

Investigation should include the concept that government tax policies, including which expenses are tax-deductible, influence financial planning and that these policies shift over time.