Not really, I save/invest over half my income.
support my 2 kids and my mother on $35k a year plus ~$300.00 per month of support. It's a struggle, but I've done it for almost 4 years so far.
I said, I'd have kids if I felt prosperous. By prosperity, I mean how long I can live my current lifestyle without working.
While today's standard of living is certainly higher than in the past, I dispute the assertion that the average person is more wealthy. Last time I checked, America's saving rate is negative.
Yes, but why? Do people not save because they spend money on things they want or things they need? America is a very consumerist society. Frivolous spending is an issue of wealth management, not wealth ownership.