The American standard of living did not improve very much, if at all, from the mid-1970s through the early 1990s.

Name: The American standard of living did not improve very much, if at all, from the mid-1970s through the early 1990s.
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This statement is generally true, as real wages stagnated and income inequality increased during this time period, leading to a lack of significant overall improvement in the standard of living for most Americans.

The American Standard of Living Did Not Improve Very Much