Generally the people being discussed in this article are not poor and underpaid
From the article, buried inside of it…
Additionally, inflation makes it harder for people to cover their expenses or save, Koehler said.
A report by Blackrock shows that in 2023, only 53% of workers believe they are on track to retire with the lifestyle they want. A lack of retirement income, worries over market volatility and high inflation were some of the reasons cited for a lack of confidence about retirement among workers.
I know the article insinuates it, but I don’t think we can assume that people can afford more but just don’t want to spend more, to protect their lifestyle.
I believe it’s more of people want a better lifestyle and they’re not getting paid enough for it, that they’re expecting the same lifestyle that the previous generations had, and are not being selfish and asking for more than others had.