Most things are the same price or cheaper as a percentage of median income today except housing. That’s because housing is treated as investment meant to appreciate, leading to perverse incentives to artificially restrict supply.
IMHO housing is the economic problem in the Western world. Most of the reason younger people feel poorer than their parents is housing. Most of the pressure on families is housing. The demographic collapse issue is due in part to housing costs. Real estate is cancer and the most important economic battle of today is finding a way to break the real estate market.
All the people panicking over demographics should be in favor of state and federal density mandates, telework where possible, and zoning reform.