Except for the important metrics of inequality of QoL/income/wealth.
Of course that "keeping up with the joneses" is on par with avoiding famines and access to education and medical care.
Who cares if everyone is living better than ever, and has access to all luxuries in the world. I mean, my neighbor earns more than me! Down with the system, comrade.
"my neighbors spending most of their days driving to a job that I know pays them less than they need to feed their kids"
This doesn't sound like someone who has access to all luxuries in the world.
Are things perfect? No. But are people, on average, waaaay better off than they've ever been? Yes.