Why lifestyle creep can cause HIFIs to spend 'every cent they make,' according to a financial planner

Tech Insider : Economy, Economy
Three friends hold cocktails together in a toast at the bow of a sailboat facing dark blue water
HIFIs — high income, financially insecure — spend their paychecks on lifestyle and leisure at the expense of their savings accounts.

Yana Iskayeva/Getty Images

The diamond industry is in trouble as it loses its sparkle in China

Tech Insider
Synthetic diamonds for sale in China, where demand for natural diamonds is falling.
Synthetic diamonds for sale in China, where demand for natural diamonds is falling.

Future Publishing/Getty Images

Five Below bought so many Squishmallows that it hurt the discount company's bottom line

Tech Insider : Economy
Squishmallows at a store in London in 2022.
Squishmallows at a store in London in 2022.

James Manning for PA Images

I tried Red Lobster's $30 endless shrimp for the first time. I see why the deal might have contributed to the chain's bankruptcy.

Tech Insider
the author and the red lobster endless shrimp
I tried Red Lobster's endless shrimp promotion and thought it was an excellent deal — but could see why it proved disastrous for the chain.

Erin McDowell/Business Insider

Meet the world's secretive billionaires who give stealth wealth a whole new meaning, from Ike Perlmutter to Philip Anschutz

Tech Insider
A composite image of Ike Perlmutter (left) and Philip Anschutz (right)
While some billionaires are drawn to the limelight, others — like Ike Perlmutter (left) and Philip Anschutz (right) — go to great lengths to avoid it.

AP Photo/Susan Walsh; Reed Saxon/AP Photo

T.J. Maxx is making some employees wear cameras to catch shoplifters

Tech Insider
tj maxx in manhattan
Some store employees at T.J. Maxx have to wear body cameras.

Gabbi Shaw/Business Insider

McDonald's just lost its chicken Big Mac trademark following a European court ruling

Tech Insider
A chicken sandwich, french fries, a Big Mac box, and a soda on a tray.
McDonald's will no longer have the right to call its chicken burgers "Big Macs" in Europe following a court ruling.

Patcharaporn Puttipon2465/Shutterstock

Walmart is giving US hourly workers new bonuses that increase the longer they've been at the company

Tech Insider
A Walmart employee in the beauty, makeup aisle
Walmart's hourly workers are getting a new bonus structure, the company announced Wednesday.

Eduardo Munoz Alvarez / AP

Dollar Tree is considering selling problem child Family Dollar

Tech Insider
Exterior of a Dollar Tree

SOPA Images/Getty Images

A Texas HIFI couple made $200,000 last year. Their budget for vacations and restaurants keeps shrinking despite 'making more money than ever.'

Tech Insider : Economy, Economy, Travel
Couple listening to music at a concert
HIFIs — people who are high income, financially insecure — often earn six figures but struggle to afford their growing cost of living. The subject of the story is not pictured.

Klaus Vedfelt / Getty Images

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