

The inflation in luxury goods is staggering. High school kids used to be able to afford concert tickets, football games, and Broadway plays. That Phantom was a year’s salary for a school teacher; now the most expensive cars are twenty year’s salary. It’s not that the products are so much better; there’s a larger pool of very wealthy people. In 1960, if a man’s wife had a job they were considered ‘poor.’ Today, even professionals need two salaries to keep up with the Joneses
Along the lines of the original post.
Compare Angelina Jolie and Elizabeth Taylor, for example. On paper, Angelina is far wealthier, but in terms of day-to-day lifestyles, they are pretty comparable. Only the 0.01% of multi-billionaires have reaped any rewards.