Lifestyle inflation – inflating your spending
I always wanted to know if there was a term that describes the more money you make the more you spend. I recently found out that term is called lifestyle inflation. According to Investopedia, “lifestyle inflation refers to an increase in spending when an individual’s income goes up. Lifestyle inflation tends to become greater every time an individual gets a raise and can make it difficult to get out of debt, save for retirement, or meet other big-picture financial goals. Lifestyle…