Term
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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 |
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Term
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Definition
| thestate of the economy whether favorable or unfavorable as measured by economic 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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Term
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Definition
| a persons work circumstances whether employed or unemployed full time or part time |
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Definition
| a persons health factors whether sick or will able or disable injured or not |
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Definition
| whether married or single divorced separated |
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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 |
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Term
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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 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 |
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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 that do not follow the typical life cycle stages |
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