Lifestyle creep

A Sea Ray Sundancer motorboat in Cruz Bay, an example of a luxury good associated with increased wealth

Lifestyle creep, also known as lifestyle inflation, is a phenomenon that occurs when as more resources are spent towards standard of living, former luxuries become perceived necessities.[1][2][3]

  1. ^ Ososami, B. (2009). Wealth Out of Ashes. p. 137. ISBN 978-1-4670-0694-1. Retrieved 2019-11-14.
  2. ^ Maldonado, Camilo (2018-08-23). "The Slippery Slope Of Lifestyle Creep And How To Avoid It". Forbes. Retrieved 2019-11-13.
  3. ^ Vitug, J. (2016). You Only Live Once: The Roadmap to Financial Wellness and a Purposeful Life. Wiley. p. 26. ISBN 978-1-119-26737-9. Retrieved 2019-11-14.