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The Perils of Lifestyle Inflation

Lifestyle inflation is an easy concept to define: when you make more, you spend more. The opposite is just as simple: When you make more, why not save more? Are you guilty of lifestyle inflation? If you draw a salary, you may need to confront it at some point this year. According to the 42nd annual “WorldatWork 2015-2016 Salary Budget Survey,” the average 2016 budget for raises in the United States was forecasted at 3.
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