family life cycle

Popular Terms
Concept that attempts to describe the effect of time on a family through the phases of marriage (and divorce) and births and deaths, reflected in the family's income and consumption.

Use 'family life cycle' in a Sentence

In a common family life cycle, the family has the most wealth when the children have grown up but before they have children of their own.
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If you want to understand how your product will sell you should try and compare it to the family life cycle.
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I learned about the family life cycle and I didn't like it because it made it seem like something that was boring and routine.
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