Or we could stop charging people to live. (read: stop allowing those who hold all the cards to charge others to live, or at least, stop enabling their ability to do so).
I make about the mean US wage and consume very comfortably, and if it weren't for rents I have to pay and money I have to save as quickly as possible if I ever want to stop paying those rents, I could continue consuming at that level for around a full time minimum wage, or working half days at the median wage, or two hours a day at my wage.
An average (mean) American like me has to work about four times as much as I need to just to pay for quite comfortable consumption, just because so few people control all the assets and the rest of us have to spend our income renting those assets and struggling (if we're lucky) to stop renting them.
It's just adding insult to injury that about half of Americans make half or less of that average. (The median is about half the mean).
Fix both of those problems (make mean and median income coincide, and get the assets like housing distributed so that the people who actually use them actually own them and don't have to borrow them from others at a fee) and we could all be living very comfortable lives of luxury very easily.