Chapter 11student

Chapter 11student - 11-1© Chapter 11Organizational and...

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Unformatted text preview: 11-1© , Chapter 11Organizational and Household Decision Making11-2© , The Modern Family•Changes in family structure•Changes in concept of household (any occupied housing unit)11-3© , Sandwich Generation•Sandwich generation: adults who care for their parents as well as their own children•Boomerang kids: adult children who return to live with their parents•Spend less on household items and more on entertainment11-4© , Nonhuman Family Members•Pets are treated like family members•Spending on pets has doubled in the last decade•Pet-smart marketing strategies:•Name-brand pet products•Designer water for dogs•Lavish kennel clubs, pet classes/clothiers•Pet accessories in cars11-5© , Family Life Cycle•Factors that determine how couples spend money:•Whether they have children•Whether the woman works•Family life cycle (FLC) concept combines trends in income and family composition with change in demands placed on income11-6© , Variables Affecting FLCAgeMarital StatusChildren in the HomeAges of Children in the Home11-7...
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Chapter 11student - 11-1© Chapter 11Organizational and...

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