I think it’s an interesting point. The USA always gets compared to Europe, especially Western Europe with this so called “Quality of Life” statistic. However there are far more Western Europeans moving to the USA than the other way.
I don’t know, my siblings and I do better than our parents who put time in to raise us. We didn’t have much except each other. We weren’t without but we never had a vacation or went out to eat. Went to public schools, etc. But my parents respected each other and sacrificed a bit to raise us. I’d say my family has moved from working class into middle class and upper middle class for some of us.
Our quality of life seems pretty nice. It’s weird because when I moved to nyc many of the people that complained a lot were from well to do families and they clearly weren’t doing better. They were being recycled downwards and they seemed to resent successful people because of it. They make a lot of noise but my friends back home, many of which are doing better than their folks, don’t go on social media talking about.