Lifestyle Creep

A situation where people's lifestyle or standard of living improves as their discretionary income rises either through an increase in income or decrease in costs. As lifestyle creep occurs, and more money is spent on lifestyle, former luxuries are now considered necessities.

Lifestyle creep is particularly a problem to those individuals approaching retirement. People, five to ten years before retirement are typically in their peak earning years, but at the same time many of their earlier expenses, such as paying off a mortgage, or raising a family have been reduced dramatically. Faced with a surplus of cash, some people use it to buy more expensive cars, more expensive vacations or possibly a second home.

Since the goal in retirement is to maintain the lifestyle enjoyed in the last few years before retirement, these retirees require more funds to support their new, more lavish lifestyles. Unfortunately, they don't have the resources to do this because they spent their surplus cash flow.


Investment dictionary. . 2012.

Look at other dictionaries:

  • workweek creep — n. The gradual extension of the workweek caused by performing work related activities during non work hours. Also: work week creep. Example Citations: A drawback of technology is constant connectivity and constant workplace interruptions to the… …   New words

  • Homicidal Lifestyle — Infobox Album | Name = Homicidal Lifestyle Type = Album Artist = Gangsta Pat Released = January 14, 1997 Length = Recorded = Genre = Memphis rap, Southern Rap, Underground Rap Label = Triad Producer = LeRoy McMath Reviews = *Allmusic Rating|2|5… …   Wikipedia

  • Radiohead — (left to right): Thom Yorke, Jonny Greenwood, Colin Greenwood, Ed O Brien and Phil Selway Background information Origin …   Wikipedia

  • The Bends — Infobox Album Name = The Bends Type = studio Artist = Radiohead Released = 13 March 1995 Recorded = August–November 1994 at Abbey Road Studios, London, England Genre = Alternative rock Length = 48:38 Label = Parlophone, Capitol Producer = John… …   Wikipedia

  • Business and Industry Review — ▪ 1999 Introduction Overview        Annual Average Rates of Growth of Manufacturing Output, 1980 97, Table Pattern of Output, 1994 97, Table Index Numbers of Production, Employment, and Productivity in Manufacturing Industries, Table (For Annual… …   Universalium

  • Life Sciences — ▪ 2009 Introduction Zoology       In 2008 several zoological studies provided new insights into how species life history traits (such as the timing of reproduction or the length of life of adult individuals) are derived in part as responses to… …   Universalium

  • OK Computer — Studio album by Radiohead Released 21 …   Wikipedia

  • List of Christmas dishes — An oven roasted brine soaked turkey. This page is a list of Christmas dishes as eaten around the world. These food items are traditionally eaten at or associated with the Christmas season. Contents …   Wikipedia

  • Whale tail — is the Y shaped waistband of a thong or g string when visible above the waistline of low rise jeans, shorts, or a skirt that resembles a whale s tail. [http://www.celebratetoday.com/reduplicatives.html Reduplicatives] on Celebrate Today] [Maddox… …   Wikipedia

  • United Kingdom — a kingdom in NW Europe, consisting of Great Britain and Northern Ireland: formerly comprising Great Britain and Ireland 1801 1922. 58,610,182; 94,242 sq. mi. (244,100 sq. km). Cap.: London. Abbr.: U.K. Official name, United Kingdom of Great… …   Universalium

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.