Vocab 2.01
Vocab 2.01
Vocab 2.01
Vocab 2.02
Vocab 2.02
100
A set of consecutive ages that tend to have similar incomes, needs, and expenses
What is Age
100
The sum total of assets belonging to one person---including money, property, and personal possessions
What is Wealth
100
A family of young adults who marry; newlyweds
What is Beginning Family
100
Not asking questions, discussing purchases, saying “no” when needed
What is Failure to Communicate
100
Stealing one’s personal information to commit theft or fraud
What is Identity Theft
200
People who rely on another person for primary financial support---e.g., children, spouse, other family members
What is Dependents
200
The stage during which most people form a family, begin to work and earn money
What is Basic Wealth Protection
200
A child-bearing family; has one or more young children
What is Expanding Family
200
Not reading labels, fine print, contracts, sales offers, etc.
What is Failure to be informed
200
A stipulation or prerequisite
What is Condition
300
The state of the economy, whether favorable or unfavorable, as measured by economic indicators, including interest and unemployment rates
What is Economic Outlook
300
The stage that includes the peak earning years, giving money to oneself
What is Wealth Accumulation
300
A pre-retirement famly, no children at home
What is Mid-Years Family
300
Not making shopping lists, spending plans, doing comparison shopping, etc.
What is Failure to Plan
300
Offers that hinge on a consumer first purchasing something
What is Earn-Money-at-Home Offers
400
The highest grade in school or degree completed
What is Education Level
400
The stage of retirement and wealth consumption, money given to chosen ones
What is Wealth Distribution
400
A family with middle-age parents and children leaving home for college, etc.
What is Launching Family
400
Not securing personal information and property
What is Failure to Protect
400
This state office assists consumers who have been victimized by fraud
What is State Attorney General
500
Whether married or single, divorced, separated, etc.
What is Marital Status
500
A person’s work circumstances, whether employed or unemployed, full-time or part-time, self- or other-employed
What is Employment Status
500
Families that do not follow the “typical” life cycle stages
What is Variations
500
Means of communicating---e.g., word of mouth, telephone, texting, emails, etc.
What is Media
500
Has a website where incidents of consumer fraud may be reported
What is National Consumers League
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