There is more to quality of life than income. Despite rising incomes, younger peopple lagging far behind in terms of wealth accumulation[1]
This may have something to do with the fact that the cost of housing has risen drastically as compared to median income over the past few decades[2]
While the cost of education has also more than doubled for men, and increased by 20% for women relative to median income (despite a 73% increase in median income for women) since the 70's[3]
Yes income is increasing, but the costs for the markers of a middle-class existence are increasing much faster.
This may have something to do with the fact that the cost of housing has risen drastically as compared to median income over the past few decades[2]
While the cost of education has also more than doubled for men, and increased by 20% for women relative to median income (despite a 73% increase in median income for women) since the 70's[3]
Yes income is increasing, but the costs for the markers of a middle-class existence are increasing much faster.
[1]https://www.marketwatch.com/story/this-depressing-chart-show...
[2]https://www.longtermtrends.net/home-price-median-annual-inco...
[3]https://college-education.procon.org/median-incomes-v-averag...