I'm 45 and since I was a kid I heard my father telling me his gen was the last getting richer than the one before.
We (westerns), did reach the peak and now every gen will be poorer year after year.
That's why rich people is hoarding wealth like never before. That's why Elmo wants to establish fascism, abolish worker rights and wants the people doing more childs. It doesn't matter for him if we get even poorer, he just wants to make his wealth future proof.
Sure, I took Elmo as a reference, bit I should have said the 1%, or the establishment or whatever.
The 1% needs a basement to stay on. The wider it get, the more stable it will be. Since the piramid it's not getting taller anymore, they're trying to make it wider at the bottom.