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This is research from a labor advocacy group, with the explicit aim of the organization to advocate for this sort of thing. This doesn't mean the research is is automatically invalid, but it is bias worth mentioning. Looking at an article from the CATO institute, over the last 30 years wages have climbed 169 percent, while food prices 111 percent. But an even better measure is PCE, or personal consumption index. Rather than CPI, or any other "household basics" measure, which subjectively categorize goods and then tracks those, PCE measures the total dollar amount spent by the entire U.S. consumer sector on goods and services. This is what is used by the FRED database referenced in the reply above. https://www.cato.org/commentary/why-dire-pronouncements-abou...

The term “real” means the values are adjusted for inflation

They do have more money, less spending power.

This is tricky. Household basics have not remained constant in the sense of being the same product. Out of household basics, like healthcare, also show similar transformations. But these transformations are not complete, and thus comparing "what people are getting for their money" now vs. then is challenging, complex and subject to a lot of debate and disagreement.

> Meanwhile household basics increased faster than wages Not what real means!