>it runs against the "growing wealth inequality" narrative

There are two things happening at the same time. The bottom is doing a little better than they were (lower poverty rate, lower unemployment, education gains, and even income improvement). At the same time, the top is doing amazing. So you get two different narratives that are both true.

There is growing inequality.

The bottom is doing better.

You shouldn't ignore either one. If you fixate too much on inequality, you can push the bottom back down (everyone has nothing is very equal). If you ignore the inequality, society starts to crack.