Life Events

Question 1

what are dependants?

Answer 1

people who have to rely on someone for their needs

Question 2

who may be dependants?

Answer 2

children
old people

Question 3

define location and its influence?

Answer 3

where in the world, or in a country, a person lives can influence their life events

Question 4

at the stage birth and infant hood, wha are typical life events?

Answer 4

-birth
-learn to walk
-learn to talk

Question 5

at the stage birth and infant hood, what are examples of financial requirements?

Answer 5

parents or guardians pay for everything they needed

Question 6

at the stage Childhood (preschool), what are typical life events?

Answer 6

-nursery and preschool
-makes friends
-learns through playing with toys and friends

Question 7

at the stage Childhood (preschool), what are examples of financial requirements?

Answer 7

relatives may save money for the child if they have any spare income

Question 8

at the stage Childhood (school), what are typical life events?

Answer 8

-starts school
-makes long-term friends
-learns skills such as reading and writing, writing a bicycle, swimming

Question 9

at the stage Childhood (school), what are examples of financial requirements?

Answer 9

-may receive pocket money to spend on wants.
-needs and some wants met by parents
-relatives may put money into savings for child’s future

Question 10

at the stage Teenager, what are typical life events?

Answer 10

-puberty
-starts part-time job
-school exams
-learns to drive
-goes to college/6th form
- may leave home

Question 11

at the stage Teenager, what are examples of financial requirements?

Answer 11

-income may include allowance from parents or guardians and earnings from a part time job.
-save for aspirations

Question 12

at the stage Young Adult, what are typical life events?

Answer 12

-moves away from home
-going to uni or training
- gains qualification
-starts full time job
-may be unemployed

Question 13

at the stage Young adult, what are examples of financial requirements?

Answer 13

-become responsible for paying for their needs as well as their wants
-may need to take out a loan to pay for further education or training

Question 14

at the stage Mature adult, what are typical life events?

Answer 14

-career promotions
-career changes
-marriages
-buys property
-buys car

Question 15

at the stage Mature adult, what are examples of financial requirements?

Answer 15

-earnings may increase
-pay for wedding or honeymoon
- save for aspirations
-buying a home or car

Question 16

at the stages Middle age to late middle age, what are typical life events

Answer 16

• career promotions
• career changes
• children leaves home
• pays off mortgage and other debts
• early retirement

Question 17

at the stages Middle Age to late middle age, what are examples of financial requirements?

Answer 17

-paid off debts
- dependants may have left home
- can save for old age
- career changes
- early retirement

Question 18

at the stage old age, what are typical life events?

Answer 18

• retirement
• part time job
• leisure interests and hobbies
• care home

Question 19

at the stage old age/retirement, what are examples of financial events?

Answer 19

-income may be the state pension and any other pension arrangements they have made while working
- supplement income w part time job
- if poor health, may go to care home

Question 20

in the stage death, what are typical life events?

Answer 20

in preparation for death:
- made funeral arrangements
- make a will

Question 21

can opportunities for work vary from country to country and from region to region within a country?

Answer 21

yes

Question 22

income: what different ways do people have money coming in and how is the amount influential

Answer 22

-earnings, benefits, a pension or other sources
- depending on the financial circumstances of the family, the options they have at differently life stages can be influenced.

Question 23

health: impact on people w long term poor health or disabilities

Answer 23

people who suffer from long term poor health or disabilities may have a shorter life expectancy than others.

Question 24

health: what effect do these long term conditions have and how does the UK assist w this?

Answer 24

• they may need ongoing medical treatment and specialist equipment and may be unable to work
• in the UK, there’s free or low cost health care available from the NHS and people w medical conditions may get an income from the government

Question 25

Status: factors that change it as they move through the life cycle?

Answer 25

as a person moves through their life cycle, their social status changes not just because of their age but also because of the life events that they experience

Question 26

unforeseen circumstances: what does it affect?

Answer 26

a persons status within the life cycle

Question 27

can unforeseen circumstances be positive or negative?

Answer 27

yes

Question 28

examples of positive unforeseen circumstances:

Answer 28

-promotion
- literary win
- unexpected inheritance

Question 29

examples of negative unforseen circumstances :

Answer 29

-divorce
- death of relative

Question 30

what else are some unforeseen circumstances linked to?

Answer 30

the economic situation

Question 31

how are some unforseen circumstances linked to the economic situation

Answer 31

when the economy grows, people might be offered a better job or position
when an economy is lower in growth, someone who’s redundant may find it hard to get a job