Financial Capability Life Cycle
Author: Alicia Atkinson
Topic: Financial well-being
Publisher: Prosperity Now (formerly CFED)
Location: United States
Format: Graphic
Content Type: Miscellaneous
Publication Date: December 31, 2016
To paint a picture of how financial capability develops, the CFED has looked at three types of lifecycle events: Universal experiences: things that happen to everyone, like early childhood and middle school; Expected or recurring experiences: things that happen for most of us, but at different points in life, like having kids, getting a post-secondary education, paying taxes and finding a place to live; The unexpected: things that may or may not happen, but if they do there is a financial impact, like losing a job, getting very sick or having to care for aging parents
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