Vocab 1
LifeCycles
Behaviors
Scams
Vocab 2
100
The sum total of assets belonging to one person---including money, property, and personal possessions
What is wealth
100
Mid-Years Family
What is pre-retirement family No children at home
100
What are the 4 Different behaviors that can lead to Financial loss?
What is failure to plan failure to protect failure to be informed failure to communicate
100
Sweepstakes letter-
What is states that you have won a valuable prize, but need to pay a processing fee to claim the prize
100
This office assists consumers who have been victimized by fraud
What is State Attorney General
200
The state of the economy, whether favorable or unfavorable, as measured by economic indicators, including interest and unemployment rates
What is economic outlook
200
Don’t follow typical life cycles Grandparents might hive to take care of kids Older people adopting a child
What is Variations
200
Not reading the fine print in sales agreements, product labels, contracts
What is Failure to be informed
200
prizes awarded by chance after purchase of ticket; very small chance of winning
What is Lotteries-
200
Has a website where incidents of consumer fraud may be reported
What is National Consumers League
300
People who rely on another person for primary financial support---e.g., children, spouse, other family members
What is dependents
300
Young adults Newlyweds
What is Beginning Family
300
Not securing life, health, and property to minimize risks of crimes and emergencies
What is failure to protect
300
stealing one’s personal information in order to commit theft or fraud
What is Identity theft-
300
Means of communicating---e.g., word of mouth, telephone, texting, emails, etc
What is Media
400
A person’s work circumstances, whether employed or unemployed, full-time or part-time, self- or other-employed
What is employment status
400
Parenting Family
What is Developing family Children are early teens
400
Not taking enough time to make a careful decision because of sales pressure
What is failure to communicate
400
on the condition that you purchase software, etc.; once paid for, nothing arrives
What is Earn-money-at-home offers-
400
a government agency to assist consumers who’ve been victims of fraud
What is Federal Trade Commission
500
Factors about the way a person lives and works that affect his/her financial income, needs, and expenses
What is Lifestyle Conditions
500
Elderly adults Retired
What is Aging family
500
Not securing life, health, and property to minimize risks of crimes and emergencies
What is Failure to Protect
500
a pyramid scheme, an illegal scheme that influences people to contribute money based on the false promise that they will get rich quickly; the pyramid collapses and money is lost, not gained
What is Deals to good to be true!
500
A local consumer protection agency
What is Better Business Bureau