C70.Chapter6.ppt - and Financial Intermediation Learning...

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Unformatted text preview: and Financial Intermediation Learning Objectives Learning Objectives Understand the family life cycle and how you can use it to diagnose the significant requirements of a family at different stages Explain financial intermediation and the role of financial institutions in personal financial planning. Financial Life Cycle Financial Life Cycle early years dependent on parents low or negative financial savings during first years of independence as you acquire assets gradually savings curve rises in retirement you consume the savings from the working years family composition also affects the pattern leading to the family life cycle Family Life Cycle Categories Family Life Cycle Categories 1. Younger single 2. Younger couple, no children 3. Couple, dependent children 4. Single, dependent children 5. Older couple, children independent, or nearly so 6. Older single 7. Older couple, retired 8. Single, retired Family Life Cycle and Personal Finance Family Life Cycle and Personal Finance...
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C70.Chapter6.ppt - and Financial Intermediation Learning...

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