Vanessa tells people she is consuming more now and probably will continue to do so for some time,but she believes her consumption will smooth out over her lifetime.Vanessa's consumption pattern mirrors the:

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Vanessa's consumption pattern suggests that she follows the life-cycle income hypothesis, which states that people tend to increase their consumption when their income is low but expect it to decrease in the future as their income rises. This pattern is based on the belief that people try to smooth out their consumption over their lifetime, leading to an increase in consumption in early years, followed by a decrease in later years.

Vanessa Tells People She Is Consuming More Now and Probably