Where do you live? From where I sit, things do suck just as much as he says. You're mixing up average and median. The average is thrown off by the few very wealthy people,so median is a better measure:

<<What is the average American Wage? The average annual wage in 2019 in the US was $51,916.27, and the median annual wage was $34,248.45. The median wage is the wage “in the middle,” while average refers to the measure of central tendency for all the data.

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I'm a college-educated professional who has never made more than $40K in my life, and I am NOT unusual. I'm so tired of hearing people talk about the average income. It's misleading.