Over my lifetime the average person is better off although many would dispute that. The number of benefits and people on benefits has vastly increased in that time period.
The definition of poor has expanded from say the 1960's to today, where someone is poor even if they have a mobile phone and 2 week foreign holiday.
However I think we are heading for a major fall. Politicians and the public don't want to consider the possibility that the good times are coming to an end.
One of the stats not been quoted is job vacancies. In the last 3 years the BBC has reported the number of vacancies has dropped every month.
We have a huge amount of debt and taxation at record levels. At some point we will have to make cuts, where and by how much is up to Parliament to sort out. However my point is that people may have to get use to not doing as well as they have in the past.
The baby boomer generation may well be the peak.
And yet every baby boomer on here still isn’t happy.