What’s lifestyle stagnation – and how a techie got over it
- Compartmentalising and assigning existing savings to different goals helped Rao make most of his investments.
Lifestyle creep: That is a problem many people grapple with. For others though, lifestyle stagnation is a real issue. For the uninitiated, lifestyle creep or lifestyle inflation is a pattern when discretionary spending by people on luxuries becomes the norm as their lifestyle upgrades. Lifestyle stagnation is a situation when a person’s income and purchasing power increases with progress in career, but they continue to be stuck in a low orbit of spending and hold back from fulfilling aspirations that are within their reach.