Shared Flashcard Set

Details

2.01
Personal Finance
18
Finance
12th Grade
02/29/2012

Additional Finance Flashcards

 


 

Cards

Term
age
Definition
a set of consective ages that tend to have similar incomes, needs, and expenses
Term
dependents
Definition
People who rely on another for primary finacial support
Term
economic outlook
Definition
The state of the economy, whether favorable or unfavorable, as measured by economic indicators, including intrest and economic rates
Term
education level
Definition
the highest grade in school or degree completed
Term
employment status
Definition
a person's work circumstances, wheather employed or unemployed, full time or part time, self or other employed
Term
health condition
Definition
A person's health factors, wheathersick or well, able or disables, injured or not
Term
marital status
Definition
stating if you are single, married, divorced, widowed
Term
wealth
Definition
a sum total of assets belonging to one person---including 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 ones self
Term
wealth distribution
Definition
the 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
child-bearing family, with one or more young children
Term
parenting family
Definition
a developing falimy, with children growing into middle childhood and young teens
Term
launching family
Definition
when the parentsd are middle-age and the children leave home
Term
mid-years family
Definition
pre-retired family, no children at home
Term
aging family
Definition
family thats elderly, usually retired
Term
variations
Definition
families that do not follow the "typical" life cycle stages
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