Shared Flashcard Set

Details

2.01
Personal FInance
21
Finance
10th Grade
02/29/2012

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Cards

Term
age
Definition
A set of consecutive ages that tend to have similar incomes, needs, and exspenses
Term
dependents
Definition
People who rely on another person for primary finacial support
Term
economic outlook
Definition
The state of the conomy, whether favorable or unfavorablem as measured by ecnomic indicators, including interest and unemployment rates
Term
education level
Definition
The highest grade in school or degree completed
Term
employment status
Definition
A person's work circumstances, whether employed
Term
health condition
Definition
A person's health factor, whether sick or well, able or disable, injured or not
Term
marital status
Definition
Whether married or singe, divorced, seperated etc.
Term
wealth
Definition
The sum total of assets belonging to one person including money, property, and personal possesion
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
The stage of retirement and wealth consumption, money given to chosen ones
Term
beginning family
Definition
A family of young adults who marry
Term
expanding family
Definition
A child bearing family has one or more young child
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 famil, no children at home
Term
aging family
Definition
A family of elderly adults, usually retired
Term
variations
Definition
Families that do not follow the typical life cycel stages
Term
Lifestyle conditions
Definition
Factors about the way a person lives and works that affect his/her financial income, needsm and exspenses
Term
Financial Life Cycle
Definition
Typical stages of wealth a person acumilates during the life cycle
Term
Individual and Family Life Cycles
Definition
Typical stages of life for indivuduals and families
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