Family Lifecycle Theory

Family Lifecycle Theory suggests that families go through predictable stages over time, similar to a lifecycle. These stages include starting a family, raising children, launching them into independence, and eventually aging. During each stage, families face different challenges and priorities, such as financial planning, education, or retirement. Recognizing these stages helps understand family needs and behaviors, allowing for better tailored support, products, and services as families grow and change. It highlights that family dynamics and goals evolve, influencing decision-making, resources, and relationships throughout life.