No? It's relative to pretty much all of 20th/21st century data. Can you point to some numbers that you think tell a different story? We are vastly wealthier than our grandparents. Real[1] median household income is 50% higher today than in the 80's. See: https://fred.stlouisfed.org/series/MEHOINUSA672N
It's down a little (like 5%) across the pandemic, which is what everyone seems to be freaking out about. But that correction is behind us now and things are looking good again, which is causing a somewhat counter-intuitive anti-anti-freakout a-la your comment. Which is what the linked article is about.
Cheer up, basically. You've been fooled by the discourse into believing things that aren't true.
[1] Where "real" means "inflation-adjusted"