Adults may be split in three categories as follows:-
Young Couples or single persons – these will be going through the purchase of their first home, furniture etc.
Families – these will involve couples with children who contemplate buying a larger home or considering home improvements. Children will pose further challenges on the household possibly to finance their education-related costs as well as costs if they have reached teenage years. Insurance will be needed within this stage to protect the dependants. Disposable income may be limited.
Empty Nests – these involve households where the dependants are self-sufficient and thus this may help to relieve pressure exerted on the disposable income. Savings and pension planning are a priority at this stage.