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

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

I spend over $1,600 a month to get help with my wardrobe, home, and kids. We should all treat ourselves to these types of breaks when possible.

Tech Insider
Gabrielle Gambrell headshot.
Gabrielle Gambrell outsources housekeeping, wardrobe styling, and childcare to alleviate stress.

Courtesy of Gabrielle Gambrell

Meet the HIFIs: Their obsession with luxury will tank them

Tech Insider : Economy, Economy
A young woman trying on sunglasses
More Gen Zers and millennials are becoming HIFIs — high income, financially insecure. They're spending lots of money on lifestyle and luxury.

Thomas Barwick / Getty Images

Millennial vs. boomer budgets: How spending has changed for young adults in the last 30 years

Tech Insider : Economy, Economy
Budget of millennials compares to baby boomers when they were young adults.

Leonello Calvetti/Science Photo Library/Getty, Jamie Grill/Getty, 4Zevar/Getty, Lalocracio/Getty, Kontur-vid/Getty, Yevgen Romanenko/Getty, Yogi Studio/Getty, Abanti Chowdhury/BI

Everyone hates high prices. So why are we all still spending like crazy?

Tech Insider : Economy, Economy
Photo illustration of a 100 dollar bill.
America has become a nation of hate spenders. We're sick of high prices, but it's not stopping us from shopping.

Jenny Chang-Rodriguez/BI

I moved from the US to Vienna, the world's most livable city. Here's what it actually costs me to live here.

Tech Insider
Author Sonya Matejko in Vienna holding a wine glass with head resting on hand and sunglasses on
Vienna is said to be a pretty expensive place to live, but my cost of living is lower than it was when I lived in parts of the US.

Sonya Matejko

Broke Gen Zers are skipping first dates and meeting each other virtually instead

Tech Insider : Economy
A young woman on a video call
Gen Zers are opting for virtual first dates to save time and money.

Willie B. Thomas/Getty Images

I managed billions at JP Morgan but lived paycheck to paycheck. I finally got control of my finances by doing these 7 things.

Tech Insider
A photo illustration of a woman's hand holding a credit card.

Getty Images

The mystery of Chipotle's 'burrito season,' solved

Tech Insider : Economy
Collage on a blue background, images include: Photo of a Chipotle burrito, a
Chipotle is hiring 19,000 workers to handle "burrito season" — a sudden increase in sales from March to May. Which begs the question: there's a "burrito season"?

Photos by Hollis Johnson; Anna Moneymaker/Getty Images; Alyssa Powell/BI

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