What do you mean by the Family Life Cycle?

I cant figure it out. Please provide the solution of the description of the FLC?

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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. Source: http://in.docsity.com/en-docs/Family_Life_Cycle_-_Consumer_Behavior_-_Solved_Quiz_"

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The particular phases regarding loved ones life typical in the usa, which includes singlehood, marital life, wedded having children, senior citizen partners, and also individual survivors.

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