Shared Flashcard Set

Details

2.01
Personal Finance
14
Finance
10th Grade
03/01/2012

Additional Finance Flashcards

 


 

Cards

Term
Lifestyle Conditions
Definition
Factors about the way a person lives and works that affect his/her financial income, needs and expenses.
Term
Age
Definition
A set of consecutive ages that tend to have similar incomes,needs, and expenses.
Term
Dependents
Definition
People who reli on another person for primary financial support -- e.g., children,spouse,other family members.
Term
Economic outlook
Definition
The state of the economy, whether favorable or unfavirable, as measured by economic indicators,including interest and unemployment rates.
Term
Employment level
Definition
The highest grade in school or degree completed.
Term
Employment status
Definition
A person's work circumstances,whether employed or unemployed,full-time or part-time, self- or other-employed.
Term
Health condition
Definition
A person's health factors,whether sick or well,able or disable,injuired or not.
Term
Marital status
Definition
Whether married or single,divorced,separated,etc.
Term
Financial Life Cycle
Definition
Typical stages of wealth a person accumulates during the life cycle.
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,being 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 consumption,money given to chosen ones.
Term
Individual and Family Life Cycle
Definition
Typical stages of life for individuals and families.
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