Businesses dealing with planned retirement communities have become profitable as the Baby Boomer population becomes older.Identify the trend affecting consumer behavior in this scenario.
A) Declining birthrates
B) Declining consumer affluence
C) Increasing life expectancy and the aging consumer
D) Increasing population
E) Increasing cultural diversity

Question

Quizplus · Accepted Answer

The trend affecting consumer behavior in this scenario is the increasing life expectancy and the aging consumer. As the Baby Boomer population becomes older, they are more likely to consider retirement communities, leading to profitable businesses. This trend is driven by the increasing life expectancy and the aging of the population, which creates a growing market for retirement communities. Declining birthrates, declining consumer affluence, increasing population, and increasing cultural diversity do not directly impact this trend.

Businesses Dealing with Planned Retirement Communities Have Become Profitable as the Baby