I think people just don't want to admit how bad it has gotten because then they have to face their fears and take some action to change their future.
Homelessness, crime, theft, lack of security, mentally ill people in droves on the street, "do not go areas" like the tenderloin in SF and skid row in LA... These are not exaggerations, these are real, growing problems.
At some point, you won't be able to ignore it and all the money in the world that we earned won't help us.