Empty Nest II is characterized by which of the following?

Prepare for the CIMA Managing Finance in a Digital World (E1) Exam. Use multiple choice questions and study aids to enhance your knowledge. Get exam-ready with our insights and tips!

Multiple Choice

Empty Nest II is characterized by which of the following?

Explanation:
In the family life cycle used in consumer behavior, Empty Nest II is the stage after children have left home and parents are typically in later life or retirement. This comes with a reduced or fixed income, so there is a drastic cut in income. With fewer dependents and more time spent at home, households tend to spend more time at home. Health needs also become more prominent, leading to greater spending on medicines and health aids. This combination best fits Empty Nest II. The other descriptions align with earlier stages: travel and higher discretionary spending are more typical of Empty Nest I, while peak home purchasing reflects a period when families are expanding or upgrading homes.

In the family life cycle used in consumer behavior, Empty Nest II is the stage after children have left home and parents are typically in later life or retirement. This comes with a reduced or fixed income, so there is a drastic cut in income. With fewer dependents and more time spent at home, households tend to spend more time at home. Health needs also become more prominent, leading to greater spending on medicines and health aids. This combination best fits Empty Nest II.

The other descriptions align with earlier stages: travel and higher discretionary spending are more typical of Empty Nest I, while peak home purchasing reflects a period when families are expanding or upgrading homes.

Subscribe

Get the latest from Passetra

You can unsubscribe at any time. Read our privacy policy