There was this great chart that I wish I could find which kind of explained it well for me.

Things we consume have gotten cheaper - flights, electronics.

Things related to wealth - assets but also things like education have all gotten more expensive.

So we all get to live a more "experiential" life but good luck passing anything on, if you care about those kinds of things...

EDIT here we go - similar (if not the same) chart:

https://www.washingtonpost.com/news/wonk/wp/2016/08/17/the-s...