2.01 Key Terms

3. Families that do not follow the “typical” life cycle stages
5. The stage of retirement and wealth consumption, money given to chosen ones
8. A family of young adults who marry; newlyweds
9. The stage that includes the peak earning years, giving money to oneself
10. A developing family, with children growing into middle childhood and early teens
11. A family of elderly adults, usually retired
12. A set of consecutive ages that tend to have similar incomes, needs, and expenses
13. A person’s health factors, whether sick or well, able or disabled, injured or not
14. The state of the economy, whether favorable or unfavorable, as measured by economic indicators, including interest and unemployment rates
16. A pre-retirement famly, no children at home
18. The sum total of assets belonging to one person---including money, property, and personal possessions

1. A family with middle-age parents and children leaving home for college, etc.
2. A person’s work circumstances, whether employed or unemployed, full-time or part-time, self- or other-employed
4. The highest grade in school or degree completed
6. A child-bearing family; has one or more young children
7. The stage during which most people form a family, begin to work and earn money
15. Whether married or single, divorced, separated, etc.
17. People who rely on another person for primary financial support---e.g., children, spouse, other family members