I don't pay too much attention to this type of thing but I think it might be related to wages not going up but the cost of living skyrocketing. For example peo

I don't pay too much attention to this type of thing but I think it might be related to wages not going up but the cost of living skyrocketing. For example people in their late 50s and early 60s might have been making let's say $30,000 back in the 1980s and 1990s and now today the same exact type of job pays the same 30k salary except the cost of living is crazy high now compared to back then. Back then they had money to spare for investments but that same salary today means you're probably in debt.