A number of people in the U.S.live in large houses and have two or three vehicles,yet they don't have the money to pay the mortgage and car payments.This is an example of hypoconsumption.

Question

Quizplus · Accepted Answer

Hypoconsumption refers to a situation where individuals consume less than what is considered normal or necessary for their level of income. In this scenario, the individuals may be over-consuming in terms of housing and vehicles, but are still struggling financially. Therefore, it is an example of hyperconsumption, not hypoconsumption.

A Number of People in the U