Any chance this wealth is a byproduct of inflation?

Both the value of the dollar, and its purchasing power are heavily eroded over time.

Someone making 10k a year is pretty wealthy when a home is $4,000 in the year 1900

Someone making 80K a year is relatively broke when a home costs 600K in the year 2024 (should cost 32k by comparison)

Let alone everything else that skyrockets in price as wages crawl