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Lifestyles and Stages of Life

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Term
Definition
show Factors about the way a person lives and works that affect his/her financial income, needs, and expenses  
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age   show
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show People who rely on another person for primary financial support---e.g., children, spouse, other family members  
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economic outlook   show
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education level   show
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show A person's work circumstances, whether employed or unemployed, full-time or part-time, self-or other-employed  
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show A person's health factors, whether sick or well, able or disabled, injured or not  
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show Whether married or single, divorced, separated, etc.  
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show Typical stages of wealth a person accumulates during the life cycle  
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wealth   show
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show The stage during which most people form a family, begin to work and earn money  
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show The stage that includes the peak earning years, giving money to oneself  
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show The stage of retirement and wealth consumption. money given to chosen ones  
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show Typical stages of life for individuals and families  
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beginning family   show
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expanding familiy   show
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show A developing family, with children growing into middle childhood and early teens  
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show A family with middle-age parents and children leaving home for college, etc.  
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mid-years family   show
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show A family of elderly adults, usually retired  
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variations   show
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Created by: bernalge
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