It's always been like this for people. There's this myth these days that all the employed people of yesteryear had comfortable lives. There's always been a large portion of society struggling to make ends meet - until recently, it was basically the definition of 'working class'.
As an example, ask your bank teller friend if they've ever had to darn a sock. Struggling to make ends meet looks a little different these days, but it's far from a new phenomenon.
The amount of disposable income spent on food has almost been cut in half since 1960. The example of darning socks is a good one. When people darned socks it was not really because they were poor, per se. It was because socks were expensive. Now socks are considered to be disposable items.
When I grew up, my mother had a carbon steel kitchen knife. Singular. I wander into people's homes and it's rare that I see less than 5 or 6 crappy knives that are, again, basically disposable. How many people have a sharpening stone in their house (and I'm not talking about the next-to-useless honing instrument that people buy and also don't know how to use)?
You've got people spending over $100 per month on cable TV, internet and cell phone. Not just one cell phone either. Every single person in the family needs one, so that they can play Candy Crush and take pictures of their breakfast (pancakes made from a mix because people have lost the ability to add baking powder to flour). Darning socks? Who has time for that???? Socks are free anyway.
Look at this graph for real disposable income since 1929 [1]. Money is like computer memory. The more you have, the more inventive ways you will find to use it. There is never enough. I wonder how many people would actually be better off spending an evening darning socks instead of stressing about how many "likes" they have on Facebook.
[0] http://media.npr.org/assets/img/2015/02/27/thr-income-spent-...
sorry I wrote 'stake' twice. it may be keyboard on my phone messing with me
Qu'ils mangent de la brioche?