What is not true of lifestyle inflation?
A)A salary increase is received
B)Often results in increased debit
C)Often results in lower amounts saved
D)May result in overspending
E)Helps to maintain a frugal level of spending

Question

Quizplus · Accepted Answer

Lifestyle inflation refers to increasing one's spending when income goes up, which often leads to saving less and possibly incurring more debt due to overspending. It does not help to maintain a frugal level of spending; rather, it typically moves individuals away from frugality.

What Is Not True of Lifestyle Inflation