Where are declining birth rates having an impact on consumer behaviour?
A) India
B) United States
C) Bangladesh
D) Nigeria

Question

Quizplus · Accepted Answer

The United States is facing declining birth rates which are having an impact on consumer behavior in various ways. For example, as the population ages and there are fewer young people, there is likely to be less demand for products and services aimed at children, such as toys and childcare services. Additionally, as the number of retirees grows relative to the number of workers, there may be increased pressure on public resources like Social Security and Medicare.

Where Are Declining Birth Rates Having an Impact on Consumer