I really don't think people remember the 60's, and even the early 70's. And I know, maybe I am just old and sentimental, but things sure were different. But back then, well someone in the middle class could have a full-time stay at home Mom, two cars, decent healthcare, a little bit of retirement savings, an adequate home, and even take a vacation once a year. Can someone in the "middle class" support a full time stay at home Mom now? Let alone the rest. What happened?
Back in the 60's, well my small little town had, well, a town. A real haberdashery, women's boutique, beauty shop, real old time barbershop, independent hardware store. A five and dime, whatever that was, with a diner like counter serving food. Undertaker, newspaper, you get the idea. The difference, damn near everything stayed within the community. Those business owners, even the factory owners, they were your neighbors. Your kids went to school with their kids, played little league or took dance lessons with their kids.
Now, look at any suburban area. Big name stores, national brands, sucking the very wealth out of the community. That is the difference. The owners, the stockholders, sure, many people have 401k's, but those holdings pail in comparison to that of the Uber wealthy. And they no longer live among us, mostly because it is so few of them.