Which of the following is true of social class as it relates to saving,spending,and credit?
A) Upper-class consumers tend to use their bank credit cards for installment purchases.
B) Young professionals perceive themselves as being average and have a strong sense of uncertainty about the future.
C) Lower-class consumers are more future oriented and confident of their financial acumen.
D) Lower-class consumers tend to pay their credit card bills in full each month.
E) Upper-class purchasers use their credit cards as a convenient substitute for cash.

Question

Quizplus · Accepted Answer

Upper-class purchasers tend to use their credit cards as a convenient substitute for cash, as they have the financial means to pay off their balances in full each month. Lower-class consumers, on the other hand, may struggle to make ends meet and may not have the same level of financial flexibility. Young professionals may also be more cautious about their spending and credit use, as they may be starting out in their careers and have less financial stability.

Which of the Following Is True of Social Class as It