Buffett: Americans Enjoy Unprecedented Wealth and Conveniences Compared to Past Generations

Warren Buffett said a greater percentage of Americans are wealthier now than ever before, citing indicators like Bank of America's average deposit figures.

Buffett said the bottom 2% of income earners in the U.S. live better than John D. Rockefeller, the richest man in the world in Buffett's childhood.

Buffett highlighted improvements in medicine, education, entertainment, transportation that make quality of life better than ever.

Buffett contrasted conveniences today like big screen TVs and iPhones to his childhood to showcase technological advancements.

While highlighting unprecedented wealth, Buffett doesn't make predictions amidst inflation; managing finances wisely is still important.