Lifestyle Creep

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August 24, 2024 4 min read Definitions
Lifestyle Creep: Understanding the Phenomenon and Its Implications
Economics Personal Finance Lifestyle Creep Discretionary Income Standard of Living Financial Management Budgeting
Explore the phenomenon of lifestyle creep, where increased discretionary income leads to a rise in standard of living and former luxuries becoming new necessities. Learn how it works, its implications, and how to manage it effectively.
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