Standard of Living- Factors Affecting

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1. Large households needs large incomes to maintain a...?

  • Mortgage
  • High standard of living
  • House
  • Low standard of living
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Other questions in this quiz

2. The reliance on 2 wages to buy and maintain a home means many households are increasing the risk of?

  • Financial hardship
  • Luxury items
  • Disposable income

3. Can a household or family group with one or more high earning members have a higher standard of living

  • Yes
  • No

4. Dependent members of a household could include children, unemployed, disabled and...?

  • Adults (19-50)
  • Elderly
  • Graduates

5. A household or family group with substantial debt may have a low standard of living as it will have less...?

  • Disposable income
  • Dependent member
  • High earners


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