A lowered standard of living and the economic savings that will be squeezed out of wage earners will not go to retooling factories nor technology advancements but in paying off the war loans.
The only hope is advanced education - which will never happen becuase USA is the last in education among industrialized nations and is getting worse with the cutting of student loans and the closing of schools. Our childrens' children will be living the Amercian nightmare.
Here's a reference:
"Most expect the average family's standard of living will not improve by 2050 and there is a widespread belief that economic inequality will increase. ... Fewer than half (44%) see public education improving by 2050, ..."