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| Facotres about the way a person lives and works that affect his/her financial income, needs, and expenses. |
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| A set of consecutive ages that tend to have similar incomes, needs, and expenses |
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| People who rely on another peron for primary financial support--e.g., children spouse, other family members |
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| The state of the economy, whether favorable or unfavorable, as measured by economic indicators, including interest and unempolyment rates |
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| The highest grade in school or degree completed |
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| A person's work circumstances, whether employed or unemployed, full-time, part-time, self-or-other-empolyed |
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| A person's health factors, whether sick or well, able or diabled, injured or not |
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| Whether married or single, divorced, separated, etc. |
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| Typical stages of wealth a person accumualtes during the life cycle |
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| The sum of assets belonging to one person--including money, property, personal possessons |
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| The stage during which most people from a family, begin to work and earn money |
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| The stage that includes the peak earning years, giving money to oneself |
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Term
| Idividual and Family Life Cycles |
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| Typical stages of life for individuals and families |
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| A family of young adults who marry; newlyweds |
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| A child-bearing family; has one or more young children |
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| A developing family, with childrengrowing into middle childhood and early teens |
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| A family with middle-age parents and children leaving home for college, etc. |
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| A pre-retirement family, no children at home |
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Definition
| A family of elderly adults, usually retired |
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| Families that do not follow the "typical" life cycle stages |
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