He will join clubs, go on expensive vacations, entertain, etc. Once a man has those things, he will consider the circumstances terrible if he must give up some of them. A large element in this situation will be his pride. If he has lived in a large house in a fashionable residential area, he will be unhappy if he must move to a modest house in a modest area. These terms are subjective.
Some people keep their consumption below their income, no matter what their income is.
These are the people who set aside some of their earnings for savings or investments. The people who save and invest buy land, or houses, or stores, or shares in corporations with their savings. The savers who invest sometimes feel as hard pressed for funds to invest as someone who is a nonsaver feels hard pressed for funds to spend on consumption. The saver who wishes to invest thinks he sees all kinds of opportunities for good investment and he laments that he does not have enough savings. For the savers, therefore, there are also to the right of our broken line many investment opportunities which they must forego.