2.1 The Life Cycle Flashcards
1
Q
Birth and infant hood
A
0-2 years old
2
Q
Childhood (preschool)
A
2-5 years old
3
Q
Childhood (school)
A
5-12 years old
4
Q
Teenager
A
13-19 years old
5
Q
Young adult
A
18-25 years old
6
Q
Mature adult
A
26-40 years old
7
Q
Middle age
A
41-54 years old
8
Q
Later middle age
A
55-65 years old
9
Q
Old age
A
65 onwards
10
Q
Death
A
Normally happens at the end of someone’s life
11
Q
At each stage, people tend to have different 1
A
-life events 🛣️
-levels of income 💰
-levels and patterns of spending 💸
-amounts of savings 💰💰
- attitudes towards savings😡😭
12
Q
At each stage, people tend to have different 2
A
- Amounts of debt held 🚫💸
- attitudes towards savings 💰
- Family sizes and structures 👨👩👧👦
- Levels of education 📚
- Attitudes to risk + future 🔮
