People are spending a considerable amount of their pay on just putting a roof over their heads, be it a rent or a mortgage payment. Plus in the last decades we have had a much bigger GDP per capita increase than salary increase, in fact salaries are hardly keeping up with the official inflation.

Greedy corporations are promoting the subscription culture, meaning that people have even less disposable income.

The point is that politics are currently serving the interests of multi billion dollar corporations and there is no political will to change the status quo.