#lifestyle-creep
#lifestyle-creep

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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

1 month 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 month 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

3 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

4 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.