The Law Dictionary

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LIFESTYLE CREEP Definition & Legal Meaning

Definition & Citations:

Improving an entity’s standard of living defined by a luxury good becoming a necessity. The improvement comes either as an income increase or lifestyle cost reduction. As an example, a family rents a dishwasher. As dependency on the dishwasher grows, an increase in income, or a reduction in some other bills may likely lead the family to buy a dishwasher as sufficient monies now exist.


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