Chart 1. The title is "In General, as Households Move Toward Higher Incomes, They Progress to Higher Stages of the Financial Life Cycle."

Chart 1 is a graphic showing four stages of the financial life cycle and the various financial needs generally associated with a certain income level for each of those stages. Stage 1, Prebanking, occurs at the lowest level of income and involves mostly financial literacy and cash remittances. Stage 2, Basic Banking, occurs at a slightly higher level of income and involves deposit accounts. Stage 3, Advanced Banking, occurs at an even higher level of income and involves credit cards, mortgages, lines of credit, and business loans. Stage 4, Affluent Banking, occurs at the highest level of income and involves investments, annuities, and insurance.