Is hanging out and dating the same thing Sexamericamelayu
Lo Dolce recommends asking the person who asked you straight up, “So are you asking me out on a date? It is the quickest way to relieve stress and to know where you two stand.
Sometimes life is simple and you’ll be asked, “Do you want to go on a date? While dates and hangouts can be different in activity, sometimes your budget doesn’t allow for extravagant dinners or a movie each weekend.
There's nothing wrong with hanging out if that's what you feel like doing.