@Coloma Consider that productivity has increased. More goods are produced using less time, labour and energy that at any point in human civilisation. We consume the things we produce, and a part of that consumption goes toward satisfying our physical and psychological well-being; like having enough food, warmth, shelter, intellectual stimulation, play, etc.
We should actually be working less and retiring earlier, but mysteriously we do not (it’s actually not that mysterious).
Why is it that most people are compelled to work long hours and retired ever later to earn the required wealth they need to live a normal life and satisfy their physical and psychological well-being? (And working long hours into late age is a detriment to both those things.)
The luxury goods market is booming. Maybe that’s a clue.