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?

Question

Quizplus · Accepted Answer

The declining birthrates trend is most likely to influence the consumer behavior of young working couples who choose to have fewer children or none at all. This allows them to have more disposable income for luxury goods.

Many Young, Working Couples Choose to Have Just One Kid