Indeed, I would have used his example as supporting evidence of the earlier comments which argue that people have become spectacularly bad at managing their own money.
For me, I'm very conservative as a spender, picking up my old-world European grandparents' habits and lessons. I rarely throw something out - try to fix it or at least free-cycle it. I hate waste of money and waste of things be me or others.
I do find things harder today - My wife and I combined make around the same as the guy who was complaining earlier, and we don't waste money buying new cars or going on many trips like many others we see. We save a lot for our retirement, and our 2 kids' future education, and any extra we have when we are both working at the same time (it has been on and off over the years due to the new reality of not expecting your job to last more than 5 years, let alone a lifetime), we put towards our mortgage, which we are still paying even at the age of 40-something. When only one of us is working, we barely stay afloat (the retirement savings go mostly on hold, but the education savings continue, after we cut the little optional spending we do. For better or worse we define things like kids sports as non-optional)
Society and corporations, IMHO, have somehow restructured themselves in a way that the middle class (or maybe even upper), still do have it harder, like people have said - even conservative savers need 2 salaries to pay down a modest home much slower than my uneducated blue-collar grandfather did 50 years ago. I can't help but feel that it comes down to that issue with CEOs making relatively much more than the average employee - if they went back down to making just 5x instead of 55x the average employee wage, the extra going to each employee could be huge. It seems to me the would make things more like the way they used to be, with the bonus that if both parents wanted to work, they could enjoy a lot of things money could buy, rather than it just being needed to pay off the house.
And when real-estate makes life and finances very difficult, you usually need to move farther from where you work to make it more affordable, which makes it much more difficult to save with lifestyle choices like owning one less car, for example.