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Definition
| The typical way of life that one has to endure on a regular basis. |
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| A set of consecutive ages that trend to have similar incomes, need, and expenses. |
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| People who rely on one another for financial support, such as children. |
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| The state of the economy, whether favorable or ungavorable, 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, wheter employed or unemployed, full-time part-time, self-or other-employed. |
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| A person's health factors, wheter sick or well, able or disabled, injured or not. |
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| Whether married or single, divorced, separated, etc. |
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Definition
| Typical stages of wealth a person accumulates during the life cycle. |
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Definition
| The sum total of assets belonging to one person-including money, property, 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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Definition
| The stage that includes the peak earning years, giving money to oneself |
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Definition
| The stage of retirement and wealth consumption, money given to chosen ones. |
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Term
| Individual and Family Life Cycles |
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Definition
| Typical stages of life for individuals and families. |
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Definition
| A family of young adults who marry; newlyweds |
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Definition
| A child-bearing family; has one or more young children |
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Definition
| A developing family, with children growing into middle childhood and early teens. |
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Definition
| A family with middle-age parents and children leaving home for cllege, 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, usually retired |
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Term
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Definition
| Families tahat do not follow the typical life cycle stages |
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