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单词 lifestyle creep
释义

lifestyle creep

Definition
An improvement in the standard of living of people to the extent that luxury goods turn into necessary goods. The improvement may come about as a result of increase in the income or reduction of cost. For example, a family who doesn't generally buy a dishwasher, but rents it instead, will most likely buy one if their income increases relatively closer to the cost of buying a dishwasher.
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更新时间:2025/2/2 12:40:01