Life Events Flashcards
what are dependants?
people who have to rely on someone for their needs
who may be dependants?
children
old people
define location and its influence?
where in the world, or in a country, a person lives can influence their life events
at the stage birth and infant hood, wha are typical life events?
-birth
-learn to walk
-learn to talk
at the stage birth and infant hood, what are examples of financial requirements?
parents or guardians pay for everything they needed
at the stage Childhood (preschool), what are typical life events?
-nursery and preschool
-makes friends
-learns through playing with toys and friends
at the stage Childhood (preschool), what are examples of financial requirements?
relatives may save money for the child if they have any spare income
at the stage Childhood (school), what are typical life events?
-starts school
-makes long-term friends
-learns skills such as reading and writing, writing a bicycle, swimming
at the stage Childhood (school), what are examples of financial requirements?
-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
at the stage Teenager, what are typical life events?
-puberty
-starts part-time job
-school exams
-learns to drive
-goes to college/6th form
- may leave home
at the stage Teenager, what are examples of financial requirements?
-income may include allowance from parents or guardians and earnings from a part time job.
-save for aspirations
at the stage Young Adult, what are typical life events?
-moves away from home
-going to uni or training
- gains qualification
-starts full time job
-may be unemployed
at the stage Young adult, what are examples of financial requirements?
-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
at the stage Mature adult, what are typical life events?
-career promotions
-career changes
-marriages
-buys property
-buys car
at the stage Mature adult, what are examples of financial requirements?
-earnings may increase
-pay for wedding or honeymoon
- save for aspirations
-buying a home or car
at the stages Middle age to late middle age, what are typical life events
- career promotions
- career changes
- children leaves home
- pays off mortgage and other debts
- early retirement
at the stages Middle Age to late middle age, what are examples of financial requirements?
-paid off debts
- dependants may have left home
- can save for old age
- career changes
- early retirement
at the stage old age, what are typical life events?
- retirement
- part time job
- leisure interests and hobbies
- care home
at the stage old age/retirement, what are examples of financial events?
-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
in the stage death, what are typical life events?
in preparation for death:
- made funeral arrangements
- make a will
can opportunities for work vary from country to country and from region to region within a country?
yes
income: what different ways do people have money coming in and how is the amount influential
-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.
health: impact on people w long term poor health or disabilities
people who suffer from long term poor health or disabilities may have a shorter life expectancy than others.
health: what effect do these long term conditions have and how does the UK assist w this?
- 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
Status: factors that change it as they move through the life cycle?
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
unforeseen circumstances: what does it affect?
a persons status within the life cycle
can unforeseen circumstances be positive or negative?
yes
examples of positive unforeseen circumstances:
-promotion
- literary win
- unexpected inheritance
examples of negative unforseen circumstances :
-divorce
- death of relative
what else are some unforeseen circumstances linked to?
the economic situation
how are some unforseen circumstances linked to the economic situation
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
