Shared Flashcard Set

Details

2-29
n/a
21
Business
11th Grade
02/29/2012

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Cards

Term
age
Definition
the numerical number of years you have been living
Term
dependents
Definition
an individual who relies on someone else for financial support
Term
economic outlook
Definition
stae of the of the economy whether favorable or unfavorable as measured by economical indicators including interset and unemployement rate
Term
education level
Definition
highest grade in school or degree completed
Term
employement status
Definition
a person work circumstance wether employed, unemployed, full-time, or part-time, self, or orther employed
Term
health condition
Definition
a personhealth factors whether sick or well, able or disabled, injured or not
Term
marital status
Definition
the status of your relationship i.e single,marride,widow
Term
wealth
Definition
an abundance of assets that are accumulated over time
Term
basic wealth protection
Definition
the stage during which most peopelform 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 distrubution
Definition
The stage of retirement and wealth consuption, money given to chosen ones
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 devloping family with children growing into middle childhood and earlt teen
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 home
Term
aging family
Definition
a family of elderly adults, usuall retired
Term
variations
Definition
families that do not follow th e" typicl"life cyles stages
Term
lifestyle conditions
Definition
factors about the way a person lives and works that affects it finacial income, expenses & needs
Term
finacial life cycle
Definition
typical stages of wealth a person accumlates during the life cycle
Term
individual and family life cycles
Definition
typical of life for individuals and families
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