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Definition
| A set of consecutive ages that tend to have similar incomes, needs, and expenses. |
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| People who realy on another person for primary financial support. Ex.children, spouse, other family memeber. |
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| That state of the economy whether favorable or unfavorable as measured by economic indicators including interest and unimployment rate. |
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| The highest grade in school or degree completed. |
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Definition
| A persons work circumstances whether employed,unemployed, full-time or part-time, self or other employed. |
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Definition
| A persons health factors whether sick or well able or unable disabled or not. |
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| Whether married or single divorced or separated. |
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Definition
| The sum total of assets belonging to one person including money, property, and personal possessions. |
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Definition
| The stages during which most people form a family,begin to work and earn money. |
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Definition
| The stage that includes the peak earning years giving money to one self. |
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Definition
| The stage of retirement and wealth consumption money given to chosen ones. |
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Definition
| A family of young adults who marry, newlyweds. |
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Definition
| Child bearing family has one or more children. |
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Definition
| A developing family, with children growing into middle-childhood, and early teens. |
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Definition
| Family with middle age parents and children and leaving home for college etc. |
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Definition
| A pre retirement family, no children at home. |
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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 lfe cycle stages. |
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Term
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Definition
| Factors about a way a person lives and works that affects his/her finacial income, needs and expenses. |
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Term
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Definition
| Typical stage of wealth a person accumulates during the life cycle. |
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