High earners are feeling the pain of wealth creep—and it’s leading to a new trade-off in their spending

Some of investing’s top voices have always warned against lifestyle creep. You have Warren Buffett still driving a beat-up car and living in his modest Nebraska home; Sheraton Hotels and Purdue Farms heiress Mitzi Perdue flying economy and wearing hand-me-downs; actress Keke Palmer keeping her rent below $1,500, and the 30-year-old billionaire founder Lucy Guo shopping at Shein and driving a Honda Civic. But what you’re starting to see is the other side of this: high earners (who, albeit, may not be billionaires or millionaires) opting to forgo the small things and splurge on the big stuff.Recommended Video A growing number of affluent consumers appear to be making a new kind of financial trade-off: skimping on everyday purchases while preserving room in their budgets for travel,…

Excerpt limited to ~120 words for fair-use compliance. The full article is at Fortune.