LIFESTYLE CREEP
A situation where an individual upgrades his or her lifestyle or standard of living as their income increases, either an increase in income or decrease in expenses. More money is spent on lifestyles and regarding previous luxuries as necessities now. Lifestyle creep is an eminent problem of individuals as they approach retirement.
Also called lifestyle inflation.
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Welfare Loss of Taxation
Welfare Loss of Taxation refers to a declined economic well-being due to the imposition of tax.
University of Connecticut School of Business
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Sir John Templeton
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Overreaction
A market theory that states that investors and traders react excessively to new information about a given security. This will cause the price of th ...
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