Term
|
Definition
A set of consecutive ages that tend to have similar incomes, needs, and expenses |
|
|
Term
|
Definition
People who rely on another person for primary financial support e.g. children, spouse, other family members |
|
|
Term
|
Definition
The state of the economy whether favorable or unfavorable as measured by economic indicators including interest and unemployment rates |
|
|
Term
|
Definition
The highest grade in school or degree completed |
|
|
Term
|
Definition
A persons work circumstances whether employed, unemployed, full-time, or part-time, self, or other employed |
|
|
Term
|
Definition
A person's health factors, whether sick or well, able or disabled, injured or not |
|
|
Term
|
Definition
Whether married or single, divorced , seperated |
|
|
Term
|
Definition
Typical stages of wealthe a person accumulates during the life cycle |
|
|
Term
|
Definition
The sum total of assets belonging to one person---including money, property, and personal possesions |
|
|
Term
|
Definition
The stage during which most people form a family, begin to work and earn money |
|
|
Term
|
Definition
The stage that includes the peak earning years, giving moey to oneself |
|
|
Term
|
Definition
The stage of retirement and wealthe consumption, money given to chosen ones |
|
|
Term
Individual and Family Life Cycle |
|
Definition
Typical stages of life for individuals and families |
|
|
Term
|
Definition
A family of young adults who marry; newlyweds |
|
|
Term
|
Definition
A child-bearing family; has one or more young children |
|
|
Term
|
Definition
A developing family, with children growing into to middle childhood and early teens |
|
|
Term
|
Definition
A family with middle-age parents and children etc. leaving home for college etc. |
|
|
Term
|
Definition
A pre-retirement family, no children at home |
|
|
Term
|
Definition
Factors about the way a person lives and works that affects his/her financial income, needs, and expenses |
|
|
Term
|
Definition
A family of elderly adult, usually retired |
|
|
Term
|
Definition
Families that do not follow the "typical" life cycle stages |
|
|