You really believe that no real wealth has been created since 1960?
Of course it has. But we've given up a lot in turn. Things we have given up..
An economy in which most moms can afford to stay home to nurture their kids.
An economy in which stable, long term investments, which at least keep ahead of inflation, are available to all. (I can just barely remember passbook accounts at five percent!)
An economy in which financial firms exercise prudence in making loans and maintaining reserves, rather than demanding that the government cover their bad bets.