A consumer's social class standing does not influence their level of saving, spending and credit card usage.

Question

Quizplus · Accepted Answer

Social class can have a significant impact on a consumer's saving, spending habits and credit card usage. For example, individuals in higher social classes may have more disposable income and therefore may have a tendency to save more, spend more on luxury items and have higher credit card usage. Conversely, individuals in lower social classes may have limited disposable income and may struggle with saving, relying on credit cards for day-to-day expenses.

A Consumer's Social Class Standing Does Not Influence Their Level