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Posts: 156
2 weeks ago
The average American's standard of living continues to improve due to two key factors. What are these factors? Provide explanatory comments about each factor.
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Consumer Behavior: Buying, Having, and Being
Edition: 12th
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Posts: 195
2 weeks ago
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The two key factors appear to be the shift in women's roles and increases in educational attainment.
a.The shift in women's roles—Mothers with preschool children are the fastest-growing segment
of working people, many of them working in high-paying occupations. This increase is a primary reason for the rapid growth of middle-and upper-income families.
b.Increases in educational attainment—college graduates earn about 50 percent more than those
who have only graduated from high school.
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