I think “abject poverty” is probably overstating the case a bit. I do think quality of life is trending downward given the fact that housing, food, gas, medical care costs are all increasing while wages are stagnant or worse.
>I do think quality of life is trending downward given the fact that housing, food, gas, medical care costs are all increasing while wages are stagnant or worse.
>I do think quality of life is trending downward given the fact that housing, food, gas, medical care costs are all increasing while wages are stagnant or worse.
???
https://fred.stlouisfed.org/series/MEPAINUSA672N
Note this is already inflation adjusted, so "housing, food, gas, medical care costs are all increasing" is already accounted for.