The personal life cycle Flashcards
1
Q
Birth/infanthood age
A
0-2
2
Q
Childhood (preschool)
A
2-5
3
Q
Childhood (school)
A
5-12
4
Q
Teenager
A
13-19
5
Q
Young adult
A
18-25
6
Q
Mature adult
A
26-40
7
Q
Middle age
A
41-54
8
Q
Late middle age
A
55-65
9
Q
Old age
A
65+
10
Q
Death
A
At any age but more likely here
11
Q
Changing factors in life stages
A
- life events
- level of income
- patterns of spending
- amounts saved
- held debt
- family size
- education level
- attitudes to risk
12
Q
Needs
A
Something that is payed for to survive and for a basic lifestyle like food, water and clothes.
13
Q
Wants
A
Things that people would like to have but dont need in order to survive
14
Q
Aspirations
A
Things that people want for the future that they would have to save for
15
Q
A
