Which of the following dimensions affect family spending?
A) income
B) age of children
C) age
D) marital status
E) All of these dimensions affect family spending.

Question

Quizplus · Accepted Answer

All of these dimensions affect family spending. Income is an important factor as it determines the amount of money a family has available for spending. The age of children affects family spending as it influences what items they need (e.g. diapers, school supplies, clothes) and the frequency of purchasing such items. Age affects family spending as older couples may have a different spending pattern compared to younger couples. Marital status also affects family spending, as single individuals may have different needs and priorities compared to married couples or families with children.

Which of the Following Dimensions Affect Family Spending