Skip to content
Subscriber Only

Are You Suffering From Lifestyle Creep?

Champion savers keep their lifestyle spending stable while their incomes rise
relates to Are You Suffering From Lifestyle Creep?
Photographer: David Paul Morris/Bloomberg

When you get a raise, especially after a long spell of puny or no hikes in pay, it’s a time to celebrate. So it's easy to tell that voice telling you not to waste money on a morning cold brew to shut up for a minute. You’ve earned that treat.

And you have. But you may be standing on the precipice, or already be in the grips of, a dangerous and pernicious trend: lifestyle creep.