More importantly, you can enjoy (maybe exploding inequality moderates this a bit) a rising standard of living while living from paycheck to paycheck. Growing u

More importantly, you can enjoy (maybe exploding inequality moderates this a bit) a rising standard of living while living from paycheck to paycheck. Growing up I was raised by classical musicians permanently on the bleeding edge of solvency (not with debt either) but new stuff kept coming that increased both their quality of life and ”nonmonetary” productivity: microwave ovens and computers that my dad could use to take his orchestral compositions (in sheet music for all parts) to part sheets (for individual players) automagically whereas this was work before. We weren’t in the kind of self-reproducing poverty because my parents had a high “cultural level”, but we were definitely cash poor, and yet kept getting wealthier and wealthier.