Term
|
Definition
| a set of consecutive ages that tend to have similar incomes, needs, and expenses. |
|
|
Term
|
Definition
| someone who relies on someone else for money support |
|
|
Term
|
Definition
| the state of the economy, whether favorable or unfavorable, as measured by economic indicators, including interest and unemployment rates |
|
|
Term
|
Definition
| the level of education someone is in. |
|
|
Term
|
Definition
| someone's work circumstances, whether employed or unemployed, full time or part time. |
|
|
Term
|
Definition
| a person's health factors, whether sick or well, able or disable, injured or not. |
|
|
Term
|
Definition
| whether married, single, divorced, seperated, etc. |
|
|
Term
|
Definition
| includes stuff like investmenst, property, a business, and other items of value. |
|
|
Term
|
Definition
| the stage during which most people form a family, begin to work and earn money. |
|
|
Term
|
Definition
| the stage that includes the peak earning years, giving money to oneself. |
|
|
Term
|
Definition
| the stage of retirement and wealth consumption, money given to chosen ones. |
|
|
Term
|
Definition
| like getting married, being a couple, or getting a new home. |
|
|
Term
|
Definition
| like the birth of their child and the infant years. |
|
|
Term
|
Definition
| a family developing children growing into middle childhood and early teen years. |
|
|
Term
|
Definition
| when their kids leave home and they have to adjust to "empty nest." |
|
|
Term
|
Definition
| a pre retirement family, no kids at home |
|
|
Term
|
Definition
| a family of older adults, normally retired. |
|
|
Term
|
Definition
| hwo the family cycle goes, like when families, skip, overlap, or repeat stages of the family cycle. |
|
|
Term
|
Definition
| factors about the way someone lives and works that affect his/her financial income, needs, and expenses |
|
|
Term
|
Definition
| the stages we're in that will have an impact on our financial planning |
|
|
Term
| individual and family life cycles |
|
Definition
| typical stages of life for individuals and families. |
|
|
