it seems to me that both things can be true: the popular economic indicators can be looking good and everyday people can be experiencing greater levels of financial hardship than they or their parents have ever known.
Absolutely - data-based decision making is good, but the data has to be robust enough to fully capture the reality.
Regularly including cost of living measures alongside GDP would be a good start.
I'm seeing credible-seeming rumours that Lego has acquired the license, but nothing official yet...