In the economics of demography, the term spending wave refers to the economic effect of departure of children from the home. When a society experiences a high level of such family change then an economic decline follows from reduced spending overall.
In the economics of demography, the term spending wave refers to the economic effect of departure of children from the home. When a society experiences a high level of such family change then an economic decline follows from reduced spending overall.
Source: Wikipedia "Spending wave" · CC BY-SA 4.0
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