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) The family life cycle concept describes a continuum along which developing families can be placed.
C) Young marrieds with children represent a target market for recreational travel, automobiles, and consumer electronics.
D) Young singles are more likely to buy life insurance than any other group.
E) The most financially secure of any of the family groups is single parents with children.

Question

Quizplus · Accepted Answer

The family life cycle concept describes the various stages or phases that a family goes through over time, including the stages of bachelorhood, newly marrieds, families with young children, families with teenagers, launching children and mid- to later-life households. It does not describe the majority of households today or specific consumer behavior like buying life insurance or recreational travel.

Which of the Following Statements About the Family Life Cycle