| A | B |
|---|
| age | set of consecutive ages that tend to have similar incomes, needs and expenses |
| dependents | people who rely on another person for primary financial support |
| economic outlook | state of the economy as measured by economic indicators |
| education level | the highest grade in school or degree completed. |
| employment status | a person's work circumstances, whether employed or unemployed, full or part time, self or other employed |
| health condition | a person's health factors; whether sick or well, injured, able or disabled |
| marital status | whether single, married, divorced or widowed |
| wealth | sum total of assets belonging to one person, includes money, property and personal possessions |
| basic wealth protection | the stage during which most people form a family, begin to work and earn money |
| wealth accumulation | the stage that includes the peak earning years, giving money to oneself. |
| wealth distribution | stage of retirement and wealth consumption, money given to chosen ones |
| beginning family | a family of young adults who marry; newlyweds |
| expanding family | A child bearing family; has one or more young children |
| parenting family | A developing family, with children growing into middle childhood and early teens |
| launching family | a family with middle-age parents and children leaving home for college, etc |
| mid-years family | pre-retirement family, no children at home |
| aging family | family of elderly adults, usually retired |
| variations | families that do not follow the "typical" life cycle stages |
