Shared Flashcard Set

Details

2.01
Personal finance
21
Finance
9th Grade
02/29/2012

Additional Finance Flashcards

 


 

Cards

Term
age
Definition
A set of consecutive ages that tend to have similar incomes, needs, and expenses
Term
dependents
Definition
a person who relies on another for support
Term
economic outlook
Definition
The state of the economy, weether favorable or unfavorable, as measured by economic indicators, including untrest and unemployment rates
Term
education level
Definition
highest grade in school or degree completed
Term
employment status
Definition
Person's work cicumstances, wether employed or unemployed, full-time or par-time, self or other employed
Term
health condition
Definition
A person's health factors, whether sick or well, able or disabled, injured or not
Term
marital status
Definition
when married, single, divorced, seperated
Term
wealth
Definition
The sum total of assets belonging to one person---including money,property,personalpossessions
Term
basic wealth protection
Definition
stage during which most people form a family and they begin to work and earn income
Term
Lifestyle Conditions
Definition
Factors about the way a person lives and works that affect his/herfinancial income,needs, and expenses
Term
Wealth accumulation
Definition
The Stage that includes the peak earning years, giving money to oneself
Term
Wealth distribution
Definition
The stage to retirement and wealth consumption, money given to chosen ones
Term
financial life cycle
Definition
Typical stages of wealth a person accumulates during the life cycle
Term
Individual and Family Life Cycle
Definition
Typical stages of life for individuals and families
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
a pre-retirement damily, no children at home
Term
aging family
Definition
a family or elderil adults, usually retired
Term
variations
Definition
families that do not follow the "typical" life cycle stages
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