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Net worth is growing not shrinking. Yes debt is growing too, but net worth is what you get after you back that out ("net"). US "savings" consists primarily in stock and house appreciation.

My house is worth less than it was in the 70's due to wear and tear and aging, but the price is five times what it cost me in 1979. That is typical for many ordinary needs, food, energy, transportation, education. My income is significantly less than 5 times my income in 1979, but my skills are considerably greater.

In 1968, in a summer job, I earned $200/week as a kid electronic tech, fixing car radios - with 10 weeks pay I could buy a brand new VW (advertised at $1895). I don't think I could buy a new VW with 10 weeks pay today, as a college grad with 30 years engineering experience. I think that the average worker has had their real earnings greatly eroded over the past 25-30 years. The ruling elite have not seen such an erosion in income. The worker class has. It is high time to push back and get an equitable share of the wealth we produce.

Net worth is growing not shrinking.

Not every net growth is good. For example the system in which one family lives on 70K a year while the other lives on 30K a year is better than the one where one family lives on 100K a year while the other lives on 10K a year.

Also the larger size of economy is not always better - the day you merge USA with Latin America you will get significant instant "increase".