Given the same income, consumers in different social classes will handle themselves and their money very differently.

Question

Quizplus · Accepted Answer

Consumers in different social classes have different values, priorities, and lifestyles which affect their spending habits and financial decisions. For example, someone from a lower social class may prioritize basic necessities like food and housing, whereas someone from a higher social class may prioritize luxury goods and experiences. Additionally, those from higher social classes may have access to resources and networks that allow them to make investments and accumulate wealth more easily than those from lower social classes.

Given the Same Income, Consumers in Different Social Classes Will