> They also found that, if inflation adjusted, you get could, in most categories, the same or better quality for the same price

This is what so many don't understand, especially among the youth / reddit crowd. They expect their $25 jeans to be equivalent quality to the $25 or even $100 jeans from 60 years ago, for some reason. There seems to be some implicit feeling that everything ought to be getting better and cheaper than it used to be.

There's also very few people who understand just how expensive things were back then, likely a result of having infinite cheap crap available. They don't know that in 1970, in today's money, a fridge was ~$4000, a burger and fries was $17, and a typical dress was $350. The only thing that has changed is that there are now options for cheap shitty things. You can still buy a very nice $4000 fridge if you want to.