Discuss the Family Life Cycle?

I'm preparing for an exam, can anyone please explain to me this answer.
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"The family life cycle has been defined as a series of stages through which most families’ progress, with varying characteristics across varies stages; these characteristics relate to marital status, size of the family, the age profile of the family members (focusing on the age of the oldest and/or youngest child), the employment status of the head of household, the income level and the disposable income at hand. The amount of disposable income is usually inferred from the stage in the family life cycle. While the tradition FLC has undergone change and newer forms have appeared, the concept still draws attention from consumer researchers and practitioners. Researchers have studied the consumption behavior across the various stages of the family life cycle. They have attempted to study the various peculiarities, tried to relate these to the stages in the FLC, and drawn generalizations. Source:"
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"How does your parents respond if you still left dwelling? Would ones new mother want to encamp with your dormitory to ensure that that you were acceptable and probably would not make a mistake your woman has been guaranteed would laying waste your daily life, and also did your lover keep the place just like an individual left the item, the shrine for a youth, as well as a area you can return when you needed? Had been you actually pleased your current female parent ended up being ever present to try and do your washing laundry as well as had been a person desirous to distinguish the girl all you did since you recognized this made the woman's thrilled to recognize? "
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