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Notes -
My father grew up affording meat and getting new clothes twice yearly on his birthday and the new year, nowadays a meaty meal and an outfit would barely cost an hour's minimum wage in the west. The austerity of my father's childhood doesn't exist in the west and would be much rarer than a few generations ago even by global standards.
Really nearly everything is cheap if you have a Western income that isn't a zero-sum status competition (housing, education, luxury goods), artificially constrained by regulation (housing, healthcare, education, childcare) or dependent on high Western labor costs (housing, healthcare, childcare).
Technology could help with the last of these but I can't really see anything short of the singularity solving regulated artificial scarcity and anything short of the end of humanity solving status competitions.
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