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I saw that, yet all the above remains true. Income, even after inflation adjustment, isn’t the same thing as living standards.


According to Wiktionary, the standard of living is "the level of income, comforts and services available to an individual, community or society."

Levels of income have risen. Comforts and services available are not as simple to measure as income, but consumption (a decent proxy) is also trending upwards.

https://data.worldbank.org/indicator/NE.CON.TOTL.CD?location...


Most of that is driven by the top 10%. The top 10% now make up 50% of all consumption in the US. Again demonstrating that inequality matters.




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