scorecardresearchLifestyle Inflation: How does it eat up your wealth?

Lifestyle Inflation: How does it eat up your wealth?

Updated: 23 Aug 2022, 11:41 AM IST
TL;DR.
Lifestyle inflation is a regular occurrence in which individuals are unable to build their savings despite an increase in their wages since they tend to spend more as their earnings rise. Continue reading to learn why this occurs and how to avoid it.
Lifestyle inflation is referred to as a wealth-killer, since even before the individual realizes it, he or she has spent a significant amount of money on items that are not necessary.

Lifestyle inflation is referred to as a wealth-killer, since even before the individual realizes it, he or she has spent a significant amount of money on items that are not necessary.