lifestyle inflation explained: how it affects your money
Microsoft NewsErika Kullberg
lifestyle inflation explained: how it affects your money
Discover how lifestyle inflation impacts your finances. Learn how spending habits can increase with income, potentially hindering your financial goals and debt freedom.
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What is Inflation? It means the rise in prices of goods and services over time - so your money buys less than before. 1. Rent keeps going up every year. → That’s inflation. 2. If your salary stays the same but vegetables cost more, you feel inflation. 3. Bus fare goes up, but the distance is the same. → That’s inflation. #SimpleEconomics #LearnEnglish #SayItRight | Winner
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