#lifestyle-creep

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Mental health
from24/7 Wall St.
3 weeks ago

I wanted to retire at 55 but I kept grinding to get another few million in the bank - why is it so hard to quit?

High earners often struggle to stop working because rising income, lifestyle creep, loss aversion, and attachment to accumulating wealth make retiring psychologically difficult.
US news
fromFortune
1 month ago

Four in 10 workers earning more than $500,000 a year are living paycheck to paycheck-and 'lifestyle inflation' is keeping them broke | Fortune

Significant shares of high earners—41% ($300k–$500k) and 40% (>$500k)—report living paycheck to paycheck due to lifestyle inflation and rising costs.
Mental health
fromBusiness Insider
3 months ago

I have a 6-figure job and $25,000 in credit card debt. I fell victim to lifestyle creep, and inflation doesn't help.

A 27-year-old marketing professional carries $25,000 in credit card debt despite a six-figure salary due to lifestyle creep and new expenses.
US news
fromFortune
5 months ago

A quarter of Americans now say they need to make at least $150,000 to feel secure-and inflation is largely to blame

Most Americans feel financially insecure, requiring higher incomes than the median salary to feel stable.
Retirement
fromBusiness Insider
6 months ago

We thought we'd planned for a successful early retirement - but we're picking up side hustles just a few years in

Early retirement can still pose financial challenges despite good planning and savings.
Unexpected expenses and lifestyle changes can impact retirement budgets significantly.
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