I guarantee you when I was growing up in the fifties with my other five siblings, we were far more materially poorer than today’s poor. But we didn’t think we were poor. In fact, I wouldn’t trade the conditions under which I grew up with any of today’s superrich, materially wealthy kids with their own room and every electronic gizmo their parents shower on them. We had a great place to grow up, because we had a great neighborhood with a lot of kids, empty fields close by, and hills to climb. All a kid (or at least a boy like me) needed was a bike, a baseball glove, and an imagination. We had a lot of fun with just a few material things.
In most cases, “poor” is a state of mind having nothing to do with material resources.
Which is why the Left’s “War on Wealth” will fail. They won the “War on Poverty”, but only by forcing the poor to accept handouts, missing the point of makes poor “poor”. Take everything away from the rich, and they will be rich again because they live the true essence of rich. Give everything to the poor, and they will still be poor because they live poor. Equalize all wealth possession, and soon society will stratify to exactly what it is now.