Exactly.
My own experience as a late 40-something. I had about as bad a Great Recession as you could imagine. It completely wrecked my finances. I piled up debts and wiped out my savings (thanks Obama). However things got better about 2 and a half years ago and there was a much bigger uptick within the last year. My income is up 20% (thanks President Trump). I now have to turn down opportunities I would have killed for 3-10 years ago. I may be able to take another big step forward in my career if things keep going like this. At the present rate, I’ll be mostly out of the hole the Obama economy put me in in about 2-3 years. That would have been simply unimaginable a few years ago.
Social Security will go bust right about when I’m in my mid 60’s at current projections so I will have paid into it my whole working life and will have the rug pulled out from under me just as I get to the finish line......but I knew that would be the case back in the 1990s. All my friends did. I don’t think any Gen Xers who had a clue were ever counting on it being there for us. It certainly won’t be there for millenials.