Wealth only matters in comparison to others, and Europe is poorer than ever compared to other regions.
Ask someone who can't afford food, shelter, shoes, healthcare, education ...
And then so many people migrate to Europe from the Americas, Africa and Asia. It shouldn't be so bad after all.
Relative to what? 1926 was after WWI devestated Europe and I think Germany would have been in very bad shape from the Versailles Treaty.
Post world war Europe and Germany were still better off than China. The proof is that Germany took very few years to recover, arm and start another war.
Not at all; on a per capita level Europeans are far richer and more productive.