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4th personal finance 2/29/12
flashcards
14
Accounting
9th Grade
02/29/2012

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Term
Lifestyle conditions
Definition
Term
age
Definition
the length of an existence extending from the beginning to any given time
Term
dependents
Definition
one that is dependent; especially : a person who relies on another for support
Term
economic outlook
Definition
the state of the economy, whether favorable or unfavorable, as measured by economic indicators, including interest and unemployment rates.
Term
education level
Definition
the highest grade in school or degree completed.
Term
employment status
Definition
a persons work circumstances, whether employed or unemployed, full-time or parttime ,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
whether married or single, divorced, separated
Term
Financial Life Cycle
Definition
typical stages of wealth a person accumulates during the life cycle
Term
wealth
Definition
the sum total of assests belonging to one person including money, property, and personal possessions
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
Term
Individual and Family Life Cycles
Definition
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