We're buried in luxury and have no necessities.

You're literally doing the "let them eat cake" thing the boomers have been doing for decades. If you keep doing this you will spend your old age in the streets scorned by the younger generations you've thumbed your nose at. You'll probably have a very nice smartphone though and we'll tell you "why are you complaining? you have such nice luxuries, you should be grateful to us you at least have that."