What is it exactly? Per the Oxford Languages Dictionary, luck is “success or failure apparently brought by chance rather than through one’s own actions.”
It was recently suggested that we may have been the beneficiaries of luck, which is why we are able to enjoy the lifestyle to which we have become accustomed. And given that this is the product of chance, it is irresponsible or misleading to suggest that others could do the same if only they made similar choices.
When you work for a living it is important to live within your means. Every budget and finance tool available will scream at you if spending exceeds income.
In retirement, it is also important to live within your means. But your means is no longer tied to income. In fact, there is zero relationship between income and spending when you are living off assets.