Which of the following statements about the family life cycle is most accurate?
A)The majority of households today are composed of traditional families.
B)Income and gender are two of the variables considered in the family life cycle.
C)Young singles represent a target market for recreational travel, automobiles, and consumer electronics.
D)Single divorcees are more likely to buy life insurance than any other group.
E)The most financially secure group of any family life cycle stage is single parents with children.

Question

Quizplus · Accepted Answer

Young singles often have disposable income and fewer financial responsibilities, making them a prime target market for products like recreational travel, automobiles, and consumer electronics.

Which of the Following Statements About the Family Life Cycle