In the context of the family life cycle,which of the following statements is true of households with older children?
A)They buy cars to display their status more than to fulfill their needs.
B)They will increase their spending on health care, clothing, housing, and food.
C)They spend more on food, entertainment, education, as well as cars and gasoline.
D)They will decrease their spending on alcohol, education, and transportation.

Question

In the context of the family life cycle,which of the following statements is true of households with older children?
A)​They buy cars to display their status more than to fulfill their needs.
B)They will increase their spending on health care, clothing, housing, and food.
C)They spend more on food, entertainment, education, as well as cars and gasoline.
D)​They will decrease their spending on alcohol, education, and transportation.

Quizplus · Accepted Answer

Households with older children typically spend more on food, entertainment, education, as well as cars and gasoline, as these are necessary to support the activities and needs of older children.

In the Context of the Family Life Cycle,which of the Following