LIFESTYLE CREEP
\lˈa͡ɪfsta͡ɪl kɹˈiːp], \lˈaɪfstaɪl kɹˈiːp], \l_ˈaɪ_f_s_t_aɪ_l k_ɹ_ˈiː_p]\
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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.
By Henry Campbell Black
Word of the day
tinctura quininae ammoniata
- A preparation made by dissolving quinin sulphate in alcohol [Br. Ph.].