lifestyle

  

Definition

A way of living of individuals, families (households), and societies, which they manifest in coping with their physical, psychological, social, and economic environments on a day-to-day basis.

Lifestyle is expressed in both work and leisure behavior patterns and (on an individual basis) in activities, attitudes, interests, opinions, values, and allocation of income. It also reflects people's self image or self concept; the way they see themselves and believe they are seen by the others. Lifestyle is a composite of motivations, needs, and wants and is influenced by factors such as culture, family, reference groups, and social class. The analysis of consumer life styles (called psychographics) is an important factor in determining how consumers make their purchase decisions. See also values, attitudes, and lifestyles system (VALS-2).


Use lifestyle in a sentence

  • After working 80 hours a weeks for three years, Sam decided it was time for a lifestyle change, so now he only works 40 hours a week.

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  • I did not approve of my friends lifestyle, which included a lot of partying and hanging around the wrong kinds of places.

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  • It takes a person a long time to develop a certain lifestyle, but even longer for others to accept it.

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Notable Quotes

  • How to Live Within Your Means
    "Always live within your means: If you make it a habit to live within your means each and every day, you are less likely to go into consumer debt when gas or food prices go up and more likely to adjust your spending in other areas to compensate. Debt begets more debt when you can't pay it off right away - if you think gas prices are high, wait until you're paying 29.99% annual percentage rate (APR) on them. To take this principle to the next level, if you have a spouse and are a two-income family, see how close you can get to living off of only one spouse's income. In good times, this tactic will allow you to save incredible amounts of money - how quickly could you pay off your mortgage or how much earlier could you retire if you had an extra $40,000 a year to save? In bad times, if one spouse gets laid off, you'll be OK because you'll already be used to living on one income. Your savings habits will stop temporarily, but your day-to-day spending can continue as normal."
    - Amy Fontinelle

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