What about quality of life compared to 50 years ago? I guess it depends on country but I feel like my parents generation lived better life compared to mine.
My parents bought a house and went on multiple family vacations every year and never really were too concerned about money, saving up a decent amount for retirement. My mom was a teacher in a poor inner city school and my dad was a low level insurance salesman. My mom never had to worry about student loans, they were easily paid off. I think trading fiscal peace and security for an iPhone is a bad trade.
