Salary Increase, Will It Change Your Life Style?

As one's salary increases, so does his or her expenses. In college I remember it was one's marginal propensity to consume (wow sounds hifalluting huh) that goes up when income goes up too. In my case, it was true, because when I received a higher wage, I was able to move to a better residential area and my kids were able to afford studying in a private school. Other than that, I did not change most of my spending habits. I have been trying to save money and cut down costs on shopping, dining and entertainment. Thanks!

I thinks there ll b no change in the lifestyle of the people

I think their lifestyle would still be the same because their salary increses while the prices of commodities and services also increases, Its just the same.