This one is not great news, some may even say we are cooked. Here is a logarithmic graph of:
๐ฉ Average Annual Income
๐ฆ Average Annual Spending (An estimate for Cost of Living)
It does not look bad at first but ...
(Personal Consumption Expenditures*10^9)/(Total Population: All Ages including Armed Forces Overseas*10^3) | FRED | St. Louis Fed