Did the economic crash make us better off?

Over the last few years the country has been in an economic crash. Unemployment went up, defaults on mortgages skyrocketed, unemployment went up and numerous businesses went bankrupt. So why aren't people cheering?

Has anyone noticed poor people dancing in the streets because of the downturn? I don't think so. On the face of it we would assume the idea itself is absurd.

The Fed put out a report, Surveying the Aftermath of the Storm: Changes in Family Finances from 2007 to 2009, that reports: "All the measures of income change presented here suggest that income increased for families with income near or above the 2007 median and income fell for families with income near or above the 2007 median."