Which of the following dimensions affect family spending?

Question

Quizplus · Accepted Answer

All of the above dimensions can affect family spending. Income is one of the main factors that determine how much a family can spend on various items. The age of children can also impact spending as families with younger children may spend more on childcare and education, while those with older children may spend more on extra-curricular activities and transportation. Age and marital status can also impact spending as older couples may have different spending behaviors compared to younger couples or single individuals. Therefore, all of these dimensions should be taken into consideration when analyzing family spending patterns.

Which of the Following Dimensions Affect Family Spending