Which of the following is true of social class as it relates to saving, spending, and credit?
A) Upper-class consumers tend to use their bank credit cards for installment purchases.
B) Young professionals perceive themselves as being average and have a strong sense of uncertainty about the future.
C) Lower-class consumers are more future oriented and confident of their financial acumen.
D) Lower-class consumers tend to pay their credit card bills in full each month.
E) Upper-class purchasers use their credit cards as a convenient substitute for cash and pay their credit card bills in full each month.

Question

Quizplus · Accepted Answer

Upper-class purchasers often use their credit cards for convenience rather than out of necessity and typically have the financial means to pay off their balances in full each month, avoiding interest charges. This behavior contrasts with that of lower-income consumers, who might use credit cards for essential purchases and carry a balance from month to month.

Which of the Following Is True of Social Class as It