Term
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Definition
| factors about the way a person lives and works that affect his/her financial income,needsd,and expenses |
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Definition
| a set of consecutive ages that tend to have similar incomes,needs,and expenses |
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Term
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Definition
| people who rely on another person for primary financial support--e.g,children,spouse,other family members |
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Term
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Definition
| the state of the economy,whether favorable or unfavorable,as measured by economic indicaters,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,wheter 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 or disable,injured or not |
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Definition
| whether married or single,divorced,separated,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,propety, and personal possessions |
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Definition
| the stage during which most people from a family,being 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
| th e 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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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-retiement 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 that do not follow the "typical" life cycle stages |
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