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| Factors about the way a person lives and works that affect his/her financial income, needs, and expenses . |
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| A set of consecutive ages that tend to have similar incomes, needs, and expenses . |
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| People who rely on another person for primary financial support---e.g., children, spouse, other family members . |
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| The state of the economy, whether favorable or unfavorable, as measured by economic indicators, including interest and unemployment rates . |
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| The highest grade in school or degree completed . |
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| A person’s work circumstances, whether employed or unemployed, full-time or part-time, self- or other-employed . |
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| A person’s health factors, whether sick or well, able or disabled, injured or not . |
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| Whether married or single, divorced, separated, etc . |
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| Typical stages of wealth a person accumulates during the life cycle . |
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| The sum total of assets belonging to one person---including money, property, and personal possessions . |
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| The stage during which most people form a family, begin to work and earn money . |
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| The stage that includes the peak earning years, giving money to oneself . |
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| The stage of retirement and wealth consumption, money given to chosen ones . |
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| Individual and Family Lifecycles |
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| Typical stages of life for individuals and families . |
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| A family of young adults who marry; newlyweds . |
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| A child-bearing family; has one or more young children . |
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| A developing family, with children growing into middle childhood and early teens . |
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| A family with middle-age parents and children leaving home for college, etc . |
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| A pre-retirement famly, no children at home . |
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| A family of elderly adults, usually retired . |
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| Families that do not follow the “typical” life cycle stages . |
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