I had a real good life on the farm, now the family farm is a thing of the past. I wouldn't say my standard of living is any better. If having at 50 inch TV instead of a 19 inch means a better standard of living, then perhaps so. Having a cell phone instead of having to use a pay phone, then probably so. But as I said these are just toys as a result of advancement in technology.
I suppose it all depends on how one looks at things. When I was born the debt was at 270 billion give or take a billion or two. Today it is over 18 trillion.