No it didn't. Nobody in "upper middle class" back in the 50's was "going on a vacation every year to a foreign country." Give me a break. And the general standard of living was much worse, particularly health care. Back in that "golden era" the life expectancy was significantly shorter, everyone smoked, and health care was basically anti-biotics, or nothing. They were still doing lobotomies. And houses were a lot smaller, poorly insulated, almost every kid shared a bedroom with a sibling, you had to wash your own dishes (gasp) because there were no dishwashers. Microwaves weren't a thing. Cribs came covered in lead paint. You were lucky if you had one television, and it was in black and white and got 2 channels. The one thing that an upper middle class family could do in the 50's was buy a new car every couple years, and that's because cars were a lot cheaper as a percentage of income, but they didn't have seat belts, airbags, power steering, and they needed constant maintenance and didn't last very long. Someone making minimum wage today lives better than royalty did hundreds of years ago. Get some common sense and learn about history.