I just don’t buy this argument. By global standards, even the poorest Americans (with obvious exceptions like the homeless) are relatively wealthy. Comparison is the theft of joy.
If living standards are falling, grocery prices have increased, rents have gone up, wages have stagnated, what does the price of eggs in China have to do with my assessment of the local conditions.
https://ers.usda.gov/sites/default/files/_laserfiche/Charts/...