Term
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Definition
| A set of consecutive ages that tend to have similar incomes, needs, and exspenses |
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Term
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Definition
| People who rely on another person for primary finacial support |
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Term
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Definition
| The state of the conomy, whether favorable or unfavorablem as measured by ecnomic indicators, including interest and unemployment rates |
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Term
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Definition
| The highest grade in school or degree completed |
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Term
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Definition
| A person's work circumstances, whether employed |
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Term
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Definition
| A person's health factor, whether sick or well, able or disable, injured or not |
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Term
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Definition
| Whether married or singe, divorced, seperated etc. |
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Term
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Definition
| The sum total of assets belonging to one person including money, property, and personal possesion |
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Term
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Definition
| The stage during which most people form a family, begin to work and earn money |
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Term
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Definition
| The stage that includes the peak earning years, giving money to oneself |
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Term
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Definition
| The stage of retirement and wealth consumption, money given to chosen ones |
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Term
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Definition
| A family of young adults who marry |
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Term
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Definition
| A child bearing family has one or more young child |
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Term
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Definition
| A developing family with children growing into middle childhood and early teens |
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Term
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Definition
| A family with middle-age parents and children leaving home for college etc. |
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Term
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Definition
| A pre-retirement famil, no children at home |
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Term
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Definition
| A family of elderly adults, usually retired |
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Term
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Definition
| Families that do not follow the typical life cycel stages |
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Term
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Definition
| Factors about the way a person lives and works that affect his/her financial income, needsm and exspenses |
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Term
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Definition
| Typical stages of wealth a person acumilates during the life cycle |
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Term
| Individual and Family Life Cycles |
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Definition
| Typical stages of life for indivuduals and families |
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