The Life Cycle Flashcards
1
Q
how are life cycles broken down?
A
based on ages
2
Q
Birth and infant hood age
A
0-2 years old
3
Q
Childhood (preschool)
A
2-5 years old
4
Q
Childhood (school)
A
5-12 years old
5
Q
Teenager
A
13-19 years old
6
Q
Young adult
A
18-25 years old
7
Q
Mature adult
A
26-40 years old
8
Q
Middle age
A
41-54 years old
9
Q
Late middle age
A
55-65 years old
10
Q
Old age
A
65 onwards
11
Q
Death
A
possible at any age
12
Q
What tends to differ at different life stages? (8 examples)
A
- life events
- levels of income
- levels and patterns of spending
- amount of savings and attitudes towards savings
- amounts of debt held and attitudes to debt
- family sizes and structures
- levels of education
- attitudes to risk
