CHANGE OF CONSUMER BEHAVIOR ON FAMILY LIFE CYCLE
You, me and every human fall under to any aspect of the family life cycle. The family life cycle is the various stages that people go through from the birth to old age. In every stage of the family life cycle the needs, buying behavior, attitudes and responsibilities get change. The time period of each stage will differ from person to person. In each stage the main consumer will varies, as an example in the bachelor stage the single person will be the main consumer while the child will be the main consumer in the stage where the young married couple is with children. The aspects of the family life cycle are given below, 1. The bachelor stage – young and single. 2. The newly married couples – young, no children. 3. Full nest 1 – young, married, with child. 4. Full nest 2 – older, married, with children. 5 Full nest 3 – older, married, with dependent children. 6. Empty nest – older, married, with no children living with them. 7. Solitary – older, single, retire