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Question
Many young, working couples choose to have just one kid or none at all. These couples hardly have any responsibilities like saving up for children's education or securing children's future. This leaves them with more than enough money to spend on luxury goods. Most of them enjoy high spending power and splurge on a lot of luxurious goods. Which of the following trends is reflected in this scenario?a. Declining birthrates
b. Declining consumer affluence
c. Increasing life expectancy
d. Increasing cultural diversity
e. Increasing population
Answer
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