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Key Terms
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18
Finance
10th Grade
02/29/2012

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Term
age
Definition
a set of consecutive ages that tend to have similar incomes, needs, and expenses.
Term
dependents
Definition
people who rely on another person for financial support.
Term
economic outlook
Definition
the state of the economy,whether favorable or unfavorable, as measured by economic indicators, including intrest and unemployement, full time or part time, self or other employed
Term
education level
Definition
the highest grade in school or degree completed
Term
employment status
Definition
a person's work circumstances, whether employed or unemployed, full time or part time self or otheremployed
Term
health condition
Definition
a person,s health factors, whether sick or well, or disabled, injured or not
Term
marital status
Definition
whether married or single, divorced, seperated
Term
wealth
Definition
the sum total of assets belonging to one person.
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 stge during which most most people form a family, begin to work and earn money.
Term
wealth distribution
Definition
the stage of retirement and wealth consumption, money given to chosen ones.
Term
beginning family
Definition
a family of yioung adults who marry; newlyweds
Term
expanding family
Definition
a child-bearing family; has one or more young children
Term
parenting family
Definition
a developing family, with children growing into middle childhood and early teens
Term
lauching family
Definition
a family with middle age parents and children leaving home for college
Term
mid years family
Definition
a pre-retirement, no childrean at home
Term
aging family
Definition
a family of ederly adults, usually retired
Term
variations
Definition
Families that do not follow the "typical" life cycle stages
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