What do the wealthy have now that will roll down to the rest of in the next 10 years?
I was car shopping this weekend and was blown away by the tech features that are available in even moderately priced cars. Adaptive cruise with lane assist, blind spot monitoring, backup cameras, navigation and even reverse automatic breaking. Even base models had quiet smooth rides.
When I bought my last new car 10 years ago, this was only the stuff of luxury brands. So that got me to thinking, what luxury commodities will become affordable in the next 10 years?
Trickledown wealth, yes, but the spirit of OPs question is “stuff”. “Stuff” does generally get cheaper over time.
I bought a 55” Plasma TV in 2008 for $2100. Last year I bout a 65” OLED for $1600. Much better picture, much thinner/lighter, much lower power consumption and heat generation.
It's my understanding a lot of new things you see on cars were mandated by law for safety, or will be soon. Backup cameras were brought into law in 2008, but not required until 2018.
Not necessarily wealthy but developed countries have access to really amazing prosthetic limbs. In third world countries obviously injuries that cause people to lose limbs are as common or maybe even more, but it's very rare to see people with prosthetics and pretty much impossible to have one of those modern with all the new features. In these countries losing a leg or an arm it really means so many things are over.
This applies to basically all of the newest health breakthroughs but I just happen to notice the prosthetic thing a lot.
I hope in a few years this will become more accessible to more people everywhere, this would really change so many lives.
Potentially, nothing. There has been a concerning trend with some car manufacturers. The first buyer of the car buys optional extras, and then when the vehicle is resold those features are disabled again.
Other companies are introducing subscriptions for certain services. The car has the features built in from the start, but you have to pay/sign up for a subscription to unlock them.