...back in the day, virtually everyone could attend any sports event and not take out a home loan...it was also not uncommon for factory workers to have vacation homes....and the wealthy still had disposable income.
As the attached article points out, CEO compensation was 20X that of the average worker...now it's on the order of 280X...This needs to come down...the only question is How Much and How Soon.
Link: https://www.zocalopublicsquare.org/eisenhowers-tax-policies-invested-future-not/#:~:text=During%20the%20administration%20of%20President,stakeholders%20as%20opposed%20to%20stockholders.