https://www.wacoca.com/life/373796/ The silent wealth killer: Understanding and combating lifestyle inflation #F&OTradingRisks #FinancialFreedom #FinancialSecurity #investing #lifestyle #LifestyleCreep #LifestyleInflation #LifestyleInflationInIndia #LongTermInvestments #PersonalFinanceIndia #SalaryHike #savings #SEBI #SIPs #YoungProfessionals #ライフスタイル

I've always thought of #lifestyleinflation negatively (the phenomenon by which the more income you have, the greater your expenses are). I now think it is positive for the individual, society and the #environment *if* the underlying cause is not an increase in the _amount_ of goods consumed but an increase in the _quality_ of goods consumed. E.g. by replacing cheap fashion with ethically-produced clothing, cheap food with organic, humane food, etc. Wealth can be used wisely.