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Vocabulary 2.01
Vocabulary 2.01
18
Business
10th Grade
09/27/2013

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Cards

Term
age

Definition
set of consecutive ages that tend to have similar incomes, needs and expenses

 

Term
dependents

Definition
people who rely on another person for primary financial support

 

Term
economic outlook

Definition
state of the economy as measured by economic indicators

 

Term
education level

Definition
the highest grade in school or degree completed.

 

Term
employment status

Definition
a person's work circumstances, whether employed or unemployed, full or part time, self or other employed

 

Term
health condition

Definition
a person's health factors; whether sick or well, injured, able or disabled

 

Term
marital status

Definition
whether single, married, divorced or widowed

 

Term
wealth

Definition
sum total of assets belonging to one person, includes money, property and personal possessions

 

Term
basic wealth protection

Definition
the stage during which most people form a family, begin to work and earn money

 

Term
wealth accumulation

Definition
the stage that includes the peak earning years, giving money to oneself.

 

Term
wealth distribution

Definition
stage of retirement and wealth consumption, money given to chosen ones

 

Term
beginning family

Definition
a family of young adults who marry; newlyweds

 

Term
expanding family

Definition
A child bearing family; has one or more young children

 

Term
parenting family

Definition
A developing family, with children growing into middle childhood and early teens

 

Term
launching family

Definition
a family with middle-age parents and children leaving home for college, etc

 

Term
mid-years family

Definition
pre-retirement family, no children at home

 

Term
aging family

Definition
family of elderly adults, usually retired

 

Term
variations

Definition
families that do not follow the "typical" life cycle stages

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