By Morgan Housel

Comedian Louis C.K. does a great skit showing how oblivious we can be when complaining about our lives.

We get frustrated when our cell phone reception goes out for 30 seconds without realizing how amazing cell phone technology is. "Can you give it a second?" Louis asks. "It's going to space. Can you give a second to get back from space?"

He adds: "The worst cell phone in the world is a miracle. Why are you so mad at it?"

It's a wise question to ask. When something doesn't work perfectly but is still much better than it used to be, you are better off. Our perceptions and emotions play an evil trick by convincing us otherwise.

"Everything is amazing and nobody is happy," he says.

This could apply to the U.S. economy, too. Everywhere you go these days, gloom wins.

"Jump in percentage of those saying things not going well," reads one headline.

"Americans see more doom and gloom in the economy," writes another.

"Americans are pessimistic, miserable and completely fed up," warns another.

Americans are in bad shape. Their problems are worse than bad cell phone service. They're unemployed, uninsured, underpaid, under-appreciated, over-medicated, and over-promised.

But this is nothing new. It has always been true. And by most measures, most Americans live in a better, safer, more prosperous world today than they could have dreamed of a few decades ago.

These are the good ol' days
Take income. You've probably read about how average household incomes have declined since 2000, adjusted for inflation. It's a scary statistic. But it needs perspective.

2000 was a fantasyland bubble where dynastic wealth could be created with fake dot-com companies in your parents' basements. Same with the ensuing years, when teenagers became overnight real estate tycoons. Those were the aberrations, not today. Benchmarking success to bubble years gives an inflated sense of reality.

If I say the average family earns less today than it did in 2000, it sounds depressing. If I say the average family earns more today than it did in 1995, you get a much different view.

Source: Bureau of Labor Statistics

Do you remember 1995? It was awesome. We were in awe of how prosperous the country was. Consumer confidence was near a multi-decade high. "Our economy is the healthiest it has been in three decades," President Clinton said in his State of the Union address that year.

"We have the lowest combined rates of unemployment and inflation in 27 years. We have created nearly 8 million new jobs. America is selling more cars than Japan for the first time since the 1970s. And for three years in a row, we have had a record number of new businesses started in our country."

Sounds wonderful.

And folks, the average American family earns more today than it did back then, adjusted for inflation.

Go ahead, argue that 18 years of near-stagnant real incomes is a failure. I hear you. Just realize that 2.8 billion people around the world earn less than $2 a day, and you're upset that we aren't richer than we were when we were already rich and felt like kings. "First-world problems," as they say.

And it's misleading to say the average household only earns a little more than it did in the 1990s. It actually earned quite a bit more in total compensation; it's just that more of its compensation comes from employers paying for ever-growing health insurance premiums. Total compensation per hour -- which includes things like health insurance and 401k matches -- has done great over the last 40 years:

Source: Bureau of Labor Statistics

What are we getting in return for rising health insurance costs?

More life.

"Americans have come to view death as optional"
The average American born in 1950 could expect to live to age 68. The average American born in 2010 can expect to live to almost 79.

Source: Centers for Disease Controls actuary tables

Think about that: In two generations, the average American gained a decade of life expectancy.

Do you know what can happen in a decade? A little more than 10 years ago, AOL dominated the Internet, oil cost $13 a barrel, Fortune magazine named Enron one of America's "most admired corporations," and Apple was a joke. Everything can change, in other words. You get an extra one of those now.

Minorities have made even greater progress. African Americans have gained 15 years of life expectancy since 1950.

Odds are this will continue. Biomedical gerontologist Aubrey de Grey thinks the first person to live to see their 150th birthday is already alive. As San Francisco Chronicle columnist Jon Carroll joked, "Americans have come to view death as optional."

The biggest reason life expectancy has gone up is because childhood mortality has plunged, from 32 per 1,000 in 1950, to 19 in 1970, all the way down to six in 2012.

How often do we have BREAKING NEWS when stocks fall half a percent? Several times a week. But no one ever says, "Breaking news: Far Fewer Children are Dying Than Used To." We ignore the really important news because it happens slowly, but we obsess over trivial news because it happens all day long. This is another evil trick our minds (and media) play on us.

Not only are fewer children dying, but older Americans are experiencing something they couldn't dream about a few decades ago: retirement.

You get to do anything you want

We constantly worry about the looming "retirement funding crisis" in America without realizing that the entire concept of retirement is unique to the last five decades.

It wasn't long ago that the average American man had two stages of life: work and death.

Even in the nostalgic 1960s, more than 40% of men age 65 and over were still working or looking for work:

Source: Economic History Association, Bureau of Labor Statistics.

Think of it this way: The average American now retires at age 62. One hundred years ago, the average American died at age 51.

Poverty among the elderly has plunged, too. More than a quarter of those over age 65 were living in poverty in the 1960s, compared with less than 10% today. Medicare has only been around since the 1960s. Before that, as one 1963 Social Security report put it, "paying for necessary health services and providing adequate insurance for non-budgetable expenses remains beyond the economic capabilities of most aged persons." As Frederick Lewis Allen wrote in his 1950 book The Big Change : "One out of every four families dependent on elderly people and two out of every three single elderly men and women had to get along in 1948 on less than $20 per week [$188 in today's dollars]."

The job market Americans are retiring from has changed dramatically, too -- largely for the better.

Perhaps you've heard about the laborforce participation rate falling over the last few years. It's true -- it's declined, though largely due to demographics.

But a higher percentage of American adults are working or looking for work today than were in the 1950s, 1960s, or 1970s. That's mostly because more women have entered the labor force. And why did they enter? Because for the first time in history, they were treated as somewhat equal to men. The economy was excellent for white males in the 1950s and 1960s, but as Stephanie Coontz recently wrote :

In most states, his wife could not have taken out a loan or a credit card in her own name. If she wanted a job, she had to turn to the "Help Wanted -- Female" section of the classifieds, where she might learn, as one 1963 ad in this newspaper put it, that "you must be really beautiful" to be hired. In 42 states, a homemaker had no legal claim on the earnings of her husband.

The workplace has become safer, too. In 1975, there were nine cases of occupational injuries or illness per 100 full-time workers per year, according to the Bureau of Labor Statistics. By 2009, it was fewer than four.

Employers now allow their workers to have a life outside of work, which not long ago was a charming but unrealistic concept. Frederick Lewis Allan described working life in the first half of the 20th century:

The average working day was in the neighborhood of 10 hours, 6 days a week. In business offices there was a growing trend toward a Saturday half holiday, but if anyone had suggested a five-day week he would have been considered demented.

According to the Dallas Federal Reserve, the average work week has declined from 61 hours in 1870, to 48 hours in 1930, to 40 hours in 1950, to 39 hours today.

We're using that extra time to have fun. The average American household now spends three times as much of its income on recreation as it did in the 1950s, according to the Consumer Expenditure Survey. The average employee with five years on the job receives 22 days paid vacation and holiday pay per year, up from 16 days in 1970, according to the Bureau of Labor Statistics.

The list goes on and on:

• In 1950, the average household spent 30% of its budget on food. Today, less than 13% of an average budget has to be devoted to food.


• High school graduation rates are at the highest level in 40 years.


• Traffic deaths per 100,000 people have fallen by half since the 1960s.


• The median new home today is 34% larger today than it was 25 years ago.


• 49% of new homes had air conditioning in 1973. Today, 89% do.


• Nearly 30% of Americans over age 25 have a bachelor's degree. In the 1960s, less than 10% did.

I'm not arguing that inefficiencies, injustices, and inequalities don't exist today. Of course, they do. But they always have, and by comparison, we are living in one of the most prosperous times in the history of this world.

We have a lot to be thankful for.

I'm in it to win it!

NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.

I was born with it, I'm truly blessed!

Alway's searching for winners'