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Definition
| factor about the way a person lives and works the affect his/her financial income,needs,and expenses |
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| a set of consecutive ages that tend to have similiar incomes,needs,and expenses |
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| people who rely on anotheer person for primary financial support---e.g., children,spouse,other family members |
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| the state of the economy,whether favorable or unfavorable, as measured by economic indicators, including interst and unemployment rates |
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Definition
| the highest grade in school or degree completed |
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| a persons wor circumstances, whether employed or unemployed,full time or part time,self- or other-employed |
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| a persons health factors, whether sick or well,able or disabled,injured or not |
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| whether married or single,divorced,seperated,etc. |
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Definition
| typical stages of wealth a person accumalates during the life cycle |
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| the sum total of assets belonging to one person--including money,property,and personal possessions |
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| the stage during which most people form a family,begin to work and earn money |
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| the stage that includes the peak arning years,giving money to oneself |
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Definition
| the stage of retirement and wealth consumption,money given to chosen ones |
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Term
| individual and family life cycles |
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| typical stages of life for individuals and families |
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Definition
| 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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Definition
| 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 famly, no children at home |
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Definition
| A family of elderly adults, usually retired |
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| Families that do not follow the “typical” life cycle stages |
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