#lifestyle-creep

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#credit-card-debt #high-income-financial-strain #financial-resourcefulness #personal-finance #henry
Mental health
fromBusiness Insider
2 days 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.
from24/7 Wall St.
1 week ago

Should I buy a $75,000 Tundra with my $100,000 salary and $60,000 in savings?

Just because you make a six-figure annual income doesn't mean you should blow it. Indeed, we've heard countless stories about high-earning folks who still manage to live paycheck to paycheck. Lifestyle creep, big splurges (perhaps to deal with being burnt out at the office), and a lack of budgeting are all factors to blame for high-earning individuals who can't quite seem to get ahead financially.
Business
US news
fromFortune
2 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
3 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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