Term
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Definition
| a set of consecutive ages that tend to have similar incomes, needs, and expenses |
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Term
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Definition
an individual who relies on someone else for primary financial support.
ex: Children, Spouse, Other Family Members |
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Term
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Definition
| the state of the economy whether favorable or unfavorable as measured by economic indicators including interest and unemployment rates |
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Term
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Definition
| the highest grade in school or degree completed |
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Term
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Definition
| a persons work sercumstances |
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Definition
| a persons health factors, whether sick or well, able or disable, injured or not |
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Term
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Definition
| whether married or sing, divorced, separated |
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Term
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Definition
| typical stages of wealth a person accumulates during the life cycle |
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Term
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Definition
| the sum total of assets belonging to one person including money, property, and personal professions |
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Term
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Definition
| the stage during which most people form a family, begin to work and form money |
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Term
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Definition
| the stage that includes the peak earning years, giving money to oneself |
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Term
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Definition
| the stage of retirement and wealth consumprion, money given to choose ones |
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Term
| Individual and Family Life Cycles |
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Definition
| typical stages of life for individuals and families |
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Term
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Definition
| a family of young adults who marry; newlyweds |
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Term
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Definition
| a chile-bearing family; has one or more young children |
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Term
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Definition
| a developing family, with children growing into middle childhood and early teens |
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Term
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Definition
| a family with middle-age parents and children leaving home for college |
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Term
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Definition
| a pre-retirement family, no children at home |
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Term
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Definition
| a family of elderly adults, usually retired |
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Term
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Definition
| families that do not follow the "typical" life cycle stages |
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