For the younger boomers (born between 1954 and 1964), a considerable portion of their income is spent on home mortgage expenses, home furnishings, and home renovations. The remainder of their disposable income is spent on family purchases such as pets, toys, playground equipment, and large recreational items such as boats and four-wheelers.

Question

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The home and family are the focus of younger boomers' spending. The majority, 60 percent, own their own home; consequently, a considerable amount of their income is allocated to mortgage expenditures and home furnishings and renovation. The remaining disposable income is spent on family purchases such as pets, toys, playground equipment, and large recreational items such as a boat or four-wheel-drive vehicle.

For the Younger Boomers (Born Between 1954 and 1964), a Considerable