Identify the INCORRECT statement about the effect of marital status, age, and the age of any children in the family, on how people spend their income.
A) Singles and young couples are more willing than older married people to try new products and brands.
B) Younger people usually earn more than older consumers, but spend less on discretionary items.
C) Only as children arrive and grow does family spending shift to soft goods and services.
D) People in the age group of 35-49 often make more purchases on credit.
E) People in the age group of 35-49 save less of their income.

Question

Quizplus · Accepted Answer

Younger people usually earn less than older consumers, but they tend to spend more on discretionary items.

Identify the INCORRECT Statement About the Effect of Marital Status