RBC's 6 Stages of Life and HSBC's 5 Economically Relevant Periods

I saw a post about a demographics report by the analysts from RBC Capital Markets as well as a report from HSBC, thought I'll share them.

From RBC Capital Markets

RBC says that there are the six stages of financial life:

1. You’re born, you consume.
2. You get a job, you consume a bit more and save a bit.
3. You get married, you consume even more and save a bit less.
4. You get older you consume a bit less and save more.
5. Finally, you retire, and you’re back to consuming again.
6. Then we pass on, hopefully leaving no debts

The chart is here:

Source: RBC Capital Markets

From HSBC

HSBC also shows that there's five economically relevant periods in life as well.

Here's the chart:

Source: HSBC

Rather blunt and depressing for both, but perhaps when we see the big picture, we might be able think about what we want in life both now and later on, plan and act accordingly now.

As of present, I am trying to minimise or reduce debt (currently zero) and consumption while simultaneously increasing earnings and savings, hopefully, I'll reach my dreams faster.

What about you?