Look at employment figures by age group and labor participation rate. You&#x27;ll find that older people are working longer because they can&#x27;t afford to retire.<p>Also, Google &quot;calculated risk blog&quot; and read the last 2 months or so of posts. Pay careful attention to the posts about reduced GDP due to demographics, as well as new household formations lagging due to structural economic issues.<p>TLDR Ain&#x27;t nobody moving up in any cohorts. 70% of people make less than they did 12 years ago.