The stages that an individual goes through based on stages in the family and financial needs is called the

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The stages an individual goes through based on stages in the family and financial needs is called the Adult Life Cycle. This cycle includes stages such as starting out, building a family, preparing for retirement, and post-retirement. Financial planning, budgeting, and tax planning are aspects of the adult life cycle but do not encompass all the stages an individual goes through. Personal economic cycle is not a commonly used term to describe the stages an individual experiences.

The Stages That an Individual Goes Through Based on Stages