Compare to 30 years ago instead. Wealth in terms of being able to buy property is decreasing in many countries, which can be more significant than any increased ability to buy consumer gadgets (that will spy on you). And the countries with less wealth inequality don't in principle have less wealthy common people.
"Yah". Few generations ago, you could buy property cash in a "NIMBY hellhole", that is a place where you can find gainful employment, on a few years worth of savings. Not the case anymore. Property prices inflated much more than CPI.
