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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
by beefman 9y ago
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...).
- jogjayr 9y ago> 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.