lifestyle inflation
Earnings chase expenses
Lifestyle inflation is the tendency to increase spending as income rises, so that higher earnings don't translate to greater savings.
Someone who gets a raise and immediately upgrades their apartment, car, and wardrobe is experiencing lifestyle inflation.
The term carries mild criticism—implying that the spending creep is unconscious or unwise: Lifestyle inflation ate up my entire bonus.
- creepStealthy, slow movement
- feature creepGradual unnecessary expansion
- upgradesImproved replacement versions
- spendingOutlaying of funds
- salaryFixed periodic employment payment
pay raise · raise · splurge · retail therapy · luxury · creature comforts · hedonic · treadmill · keeping up · status · bigger · bigger house · nicer · new car smell · expenses · cost of living · paycheck · comfort
- overspendingcredit card debt, maxed out cards, overdraft, impulse buying, shopping sprees
- spendingspending, shopping, purchases, expenses, bills
- spending habitsspending habits, frugality, overspending, impulse buying, reckless spending
- wastefulnesswaste, squandering, extravagance, profligacy, dissipation
- money disordersshopping addiction, compulsive spending, compulsive buying, gambling addiction, compulsive gambling
lifestyle inflationfrugality
Economical resource management
downshifting · cost-cutting · belt-tightening · austerity · cost cutting
lifestyle inflationstealth wealth
Affluence without ostentation
delayed gratification · simple living · financial independence · anti-consumerism · wealth accumulation
lifestyle, inflation, style, inflate, inflated, inflating, inflationary, deflate, deflation