10 Simple Ways to Overcome Lifestyle Inflation
Have you ever noticed that the more money you make, the more you spend? It’s a common phenomenon known as lifestyle inflation.
Have you ever noticed that the more money you make, the more you spend? It’s a common phenomenon known as lifestyle inflation.
Over 90% of the company’s employees had invested their retirement savings in Enron stock, while also receiving a significant portion of their salaries in stock options. When the company declared bankruptcy, employees were left with nothing.
In Singapore, the average household debt is SGD $92,000 but the average savings rate is only 4.1%.
Less than 60% of Americans have life insurance, with many citing the cost and lack of understanding as reasons for not having coverage. Meanwhile, the average American household has invested over $11,000 in stocks and mutual funds.
According to a survey conducted by Bankrate, only 39% of Americans have enough savings to cover a $1,000 emergency expense.