highlife vs dissipation

highlife and dissipation both are nouns.

Word	Noun	Adjective	Verb	Adverb
highlife	Yes	No	No	No
dissipation	Yes	No	No	No

As nouns, dissipation is a hypernym of highlife; that is, dissipation is a word with a broader meaning than highlife:

highlife: the activity of excessive spending
dissipation: useless or profitless activity; using or expending or consuming thoughtlessly or carelessly

Other hypernyms of highlife include waste, wastefulness.

highlife (noun)	dissipation (noun)
the activity of excessive spending	dissolute indulgence in sensual pleasure
	useless or profitless activity; using or expending or consuming thoughtlessly or carelessly
	breaking up and scattering by dispersion