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Word Vocab Set 3
Person
18
Other
12th Grade
09/27/2013

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Cards

Term
age
Definition
set of consecutive ages that tend to have similar incomes, needs and expenses
Term
dependents
Definition
people who rely on another person for primary financial support
Term
economic outlook
Definition
state of the economy as measured by economic indicators
Term
education level
Definition
the highest grade in school or degree completed.
Term
employment status
Definition
a person's work circumstances, whether employed or unemployed, full or part time, self or other employed
Term
health condition
Definition
a person's health factors; whether sick or well, injured, able or disabled
Term
marital status
Definition
whether single, married, divorced or widowed
Term
wealth
Definition
sum total of assets belonging to one person, includes money, property and personal possessions
Term
basic wealth protection
Definition
the stage during which most people form a family, begin to work and earn money
Term
wealth accumulation
Definition
the stage that includes the peak earning years, giving money to oneself.
Term
wealth distribution
Definition
stage of retirement and wealth consumption, money given to chosen ones
Term
beginning family
Definition
a family of young adults who marry; newlyweds
Term
expanding family
Definition
A child bearing family; has one or more young children
Term
parenting family
Definition
A developing family, with children growing into middle childhood and early teens
Term
launching family
Definition
a family with middle-age parents and children leaving home for college, etc
Term
mid-years family
Definition
pre-retirement family, no children at home
Term
aging family
Definition
family of elderly adults, usually retired
Term
variations
Definition
families that do not follow the "typical" life cycle stages
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