Multiple Choice
Many young, working couples choose to have just one kid or none at all. These couples hardly have any responsibilities like saving up for children's education or securing children's future. This leaves them with more than enough money to spend on luxury goods. Most of them enjoy high spending power and splurge on a lot of luxurious goods. In this scenario, which of the following is a trend that is most likely to influence the consumer behavior?
A) Declining birthrates
B) Declining consumer affluence
C) Increasing life expectancy
D) Increasing population
Correct Answer:
Verified
Correct Answer:
Verified
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