Lifestyle creep, also known as lifestyle inflation, is a phenomenon that occurs when, as more resources are spent on standard of living, former luxuries become perceived necessities. == Description == An individual's discretionary income could increase as a result of increased income or decreased cost, such as paying off a mortgage.
Lifestyle creep, also known as lifestyle inflation, is a phenomenon that occurs when, as more resources are spent on standard of living, former luxuries become perceived necessities. == Description == An individual's discretionary income could increase as a result of increased income or decreased cost, such as paying off a mortgage.
Source: Wikipedia "Lifestyle creep" · CC BY-SA 4.0
Share this article: X · Bluesky