Tag: lifestyle inflation trap

It’s common for people to increase their spending as they earn more money. This phenomenon is known as lifestyle inflation, and it’s one of the biggest financial traps that many people fall into. The problem with lifestyle inflation is that it can keep you from reaching your financial goals and living the life you truly want. It’s easy to get caught up in the cycle of spending more money when you earn more, but it’s important to recognize that this isn’t a sustainable way to live.

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