That is a common counterargument, and yet the common counter-counterargument matches my experience:
That sadly doesn't apply to housing or food, at least in the places I've lived. E.g. houses in the place I was born are now 5x the price, once you factor in inflation. Food and vehicles are 2x. Higher education went from "free" to $30K.
The really important things are far more expensive now, across the three countries I've spent decades in. Maybe the overall situation is different for the US of A.
That sadly doesn't apply to housing or food, at least in the places I've lived. E.g. houses in the place I was born are now 5x the price, once you factor in inflation. Food and vehicles are 2x. Higher education went from "free" to $30K.
The really important things are far more expensive now, across the three countries I've spent decades in. Maybe the overall situation is different for the US of A.