Lifestyle Inflation

aka lifestyle creep, the rat race

definition lifestyle inflation is the tendency for people to increase their spending as their income increases --- https://youtu.be/wp7Lz1svVro?t=7285

[lifestyle inflation] is the foundation of today's debt-ridden society --- https://youtu.be/wp7Lz1svVro?t=7314

one system to avoid the bad habit of lifestyle inflation is paying yourself first --- Rich Dad Poor Dad; that is, setting aside a certain amount of money for investment before spending any other income