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8min chapter
How Kids Impact Financial Independence
The Money with Katie Show
The Relationship between Income and Consumption
This chapter explores the correlation between rising income and increased spending, as well as the impact of demographic changes and lifestyle creep on spending patterns. It discusses the disagreement among economists regarding the causes of these spending trends and highlights the challenges of incorporating expense changes into financial planning.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode