A non-tech family member will send this in an email chain at least once every six months along with some variant on this message: "OMG THE SKY IS FALLING, OUR EDUCATIONAL SYSTEM IS POOP!?!!" (All caps used for quote truth/ accuracy).
In the state where one of my teacher friends works, the statewide high school math curriculum currently consists of Algebra, Geometry, Algebra 2, Pre-calculus, and Calculus AB or BC. Advanced students can take Algebra as early as 7th grade, while struggling students take it as late as 10th grade. Soon, Algebra through Pre-calculus will be replaced with Math 1, Math 2, and Math 3, with Math 1 being mandatory for all 9th graders, Math 2 for 10th graders, and Math 3 for 11th graders. There are "honors" versions of each class available that differ little from the corresponding non-honors class.
This change, as it was explained to me, hurts both gifted students and struggling students. The gifted students are held back by as much as 3 years from where they could be in math, while struggling students are advanced regardless of competence.
Just describing the current state of affairs is by definition insufficient to be able to say something about the evolution over time of the quality of said affairs.
Anyway please feel free to share your theories and data on why you think that over such a very short amount of time the level of education will take a sharp drop-off.