> Not sure how that translates at all into "stuff" being more affordable...
I'm pretty sure "stuff" in this context is mostly manufactured goods, and those have fallen in absolute price. Examples abound in the tech sector: even adjusted for inflation, a MacBook Neo is the cheapest Mac ever released, and so on...
Manufactured goods, food, and clothing. Note that we tend to think of these things as not being a big deal, but that’s colored by the fact they’re so cheap. In 1970, a wall mount AC was about $400, when the median family income was under $10,000. Lots of people simply could not afford one. Today, a wall mount AC is still $400, while the median family income is over $80,000. People dismiss the fact that an AC unit has gotten 90% cheaper in real terms. But you wouldn’t do that if everyone in your family was huddled around a single AC unit in one room during a southern summer, as was very common in the 1970s.