The same is true from 1976.
Your genius is not living up to your screen name.
Today’s middle class is largely one pink slip from being lower class. There is next to zero economic security for the middle class, which is a significant difference from the 1970s. Perhaps more important, there is no longer any social mobility or hope for a better economy in the future.
We are in a 1930s economy right now, perhaps worse. There’s no honest metric that you can look at that doesn’t agree.