Sound Familiar?

This excerpt is from the novel The Reluctant Fundamentalist by Mohsin Hamid :

But we are not rich. The men and women--yes, the women, too--of my household are working people, professionals. And the half-century since my great-grandfather's death has not been a prosperous one for professionals in Pakistan. Salaries have not risen in line with inflation, the rupee has declined steadily against the dollar, and those of us who once had substantial family estates have seen them divided and subdivided by each--larger--subsequent generation. So my grandfather could not afford what his father could, and my father could not afford what his father could, and when the time came to sen me to college, the money simply was not there.

I hope this passage from a novel does not describe the U.S. in a few years.