Term
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Definition
| factors about the 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
| a set of consecutive ages that tend to have smiliar incomes, needs and expenses |
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Term
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Definition
| People who rely on another person for primary finiacial support----e.g., children, spouse, other family members |
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Term
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Definition
| the state of the conomy, whethere favorable or unfavorable, as measured by econimic 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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Definition
| a person's work circumstances whether employed or unemployed, full-time or part-time, self- or other-employed |
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Definition
| a person's health factors, whether sick or well, able to disabled, injured or not |
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Definition
| whether married or single, divorced, seperated, etc |
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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 persoan l possessions |
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Definition
| the stage during which most people form a family, begin to work and earn 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 retirment and wealth consumption, money given to chosen ones |
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Term
| individual and family ife 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 child-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, etc |
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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, usally 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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