A couple of your points are circular, as in people have no savings because they have no savings.

Regarding the rest, sure, inflation has eaten away at the value of the dollar, but you say that wages have gone up slightly faster than inflation, so the increase in various costs shouldn't make it harder to keep up.

Finally, wage inequality is very real and worsening, but the fact that the top 1% own a third of the country's wealth doesn't make it any harder for people in the middle to afford housing, food, transportation, etc.

It "just" makes it that much more upsetting to see your relative financial wellbeing drop.