| A | B |
|---|
| Lifestyle Conditions | Factors about the way a person lives and works that affect his/her financial income, needs, and expenses. |
| Age | A set of consecutive ages that tend to have similar incomes, needs, and expenses. |
| Dependents | People who rely on another person for primary financial support---e.g., children, spouse, other family members. |
| Economic Outlook | The state of the economy, whether favorable or unfavorable, as measured by economic indicators, including interest and unemployment rates. |
| Education Level | The highest grade in school or degree completed. |
| Employment Status | A person’s work circumstances, whether employed or unemployed, full-time or part-time, self- or other-employed. |
| Health Condition | A person’s health factors, whether sick or well, able or disabled, injured or not. |
| Marital Status | Whether married or single, divorced, separated, etc. |
| Financial Life Cycle | Typical stages of wealth a person accumulates during the life cycle. |
| Wealth | The sum total of assets belonging to one person---including 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 | The stage of retirement and wealth consumption, money given to chosen ones. |
| Individual and Family Life Cycles | Typical stages of life for individuals and families. |
| 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 | A pre-retirement famly, no children at home. |
| Aging Family | A family of elderly adults, usually retired. |
| Variations | Families that do not follow the “typical” life cycle stages. |
