On the other hand, rising disposable income is supposed to be a good thing (annuities for lottery winners etc). Cost of living tends to rise with age, too (kids, healthcare...).
> rising disposable income is supposed to be a good thing
That's the lifestyle inflation I'm alluding to. If one can be happy spending X/year 5 years ago, why can't one be happy spending inflation-adjusted X/year today?
Agree about kids and healthcare but those aren't "lifestyle" costs.
That's the lifestyle inflation I'm alluding to. If one can be happy spending X/year 5 years ago, why can't one be happy spending inflation-adjusted X/year today?
Agree about kids and healthcare but those aren't "lifestyle" costs.