Shared Flashcard Set

Details

2.01
Personal finance
18
Finance
9th Grade
03/01/2012

Additional Finance Flashcards

 


 

Cards

Term
age
Definition
a set of consecutive ages that tend to have similiar incomes
Term
dependents
Definition
people who rely on another person for primarly financial support---e.g., childre, spouse, other family members
Term
economic outlook
Definition
the state of the e3conomy, whether favorable or unfavorable, as measured by economic indicators, including interest and unemployment rates
Term
education level
Definition
the highest grade in school or degree completed
Term
employment status
Definition
a persons work circumstances, whether employed or unemployed, full-time or part-time, self-or other-employed
Term
health condition
Definition
a persons health factors, whether sick or well, able or disabl;ed, injured or not
Term
martial status
Definition
whether married or single, divorced, separated, etc.
Term
wealth
Definition
the 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 from 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
the stage of retirement and wealth consumptio, money given to chosen ones
Term
beginning family
Definition
a family of young adults wo marry; newly weds
Term
expanding family
Definition
a chile-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
a pre-retirement family, no children at hom
Term
aging family
Definition
a family or elderly adults, usually retired
Term
variations
Definition
families that do not follow the 'typical' life cycle stages
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