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

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

Subscribe to hifi