The data shows that, roughly speaking, real wages declined during 1970-1995 and increased during 1995-2020, so they have not been falling for the last 50 years. That was the point. Asset inflation is not an economic concept, but a concept made up by propagandists, as far as I know. For example, the stock market goes up and down randomly. It's actually impossible to predict. So what does the fact that the S&P500 has gone up, say, 20% tell us? Nothing, because it's random. Asset price inflation tells us absolutely nothing. Consumer price indexes do include housing, education and healthcare, so the argument that CPIs don't accurately reflect the actual cost of living because they don't account for these services is false. I can't tell you what my experience with prices in the US is, because I don't live in the US, and even if I did, my perception of prices would be unreliable compared actual price statistics that are collected by statisticians and economists that study prices for a living.
