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Meaning of “family life cycle” in the English Dictionary

"family life cycle" in Business English

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family life cyclenoun [usually S]

uk   us   MARKETING
the different ​stages of a person's ​life and their different ​needs as a ​consumer at each ​stage, for ​example according to whether they have children and how old they are: People at the "bachelor ​stage" of the family ​lifecycle are more likely to ​spendmoney on ​fashionitems and ​vacations.
(Definition of family life cycle from the Cambridge Business English Dictionary © Cambridge University Press)
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