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A set of consecutive ages that tend to have similar incomes, needs, and expenses |
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a person who relies on another for support |
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The state of the economy, weether favorable or unfavorable, as measured by economic indicators, including untrest and unemployment rates |
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highest grade in school or degree completed |
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Person's work cicumstances, wether employed or unemployed, full-time or par-time, self or other employed |
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A person's health factors, whether sick or well, able or disabled, injured or not |
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when married, single, divorced, seperated |
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The sum total of assets belonging to one person---including money,property,personalpossessions |
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stage during which most people form a family and they begin to work and earn income |
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Factors about the way a person lives and works that affect his/herfinancial income,needs, and expenses |
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The Stage that includes the peak earning years, giving money to oneself |
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The stage to retirement and wealth consumption, money given to chosen ones |
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Typical stages of wealth a person accumulates during the life cycle |
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Individual and Family Life Cycle |
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Typical stages of life for individuals and families |
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a family of young adults who marry; newlyweds |
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A child-bearing family; has one or more young children |
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A developing family, with children growing into middle childhood and early teens |
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a family with middle-age parents and children leaving home for college, etc. |
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a pre-retirement damily, no children at home |
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a family or elderil adults, usually retired |
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families that do not follow the "typical" life cycle stages |
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