Are we not there yet?
I think we are pulling in the driveway.
We're maybe only the first half decade into it. Hopefully it doesn't last a century.
It's been pretty clear to me since the first Trump election that it's the end of an era.
US real median household income has been steadily rising[1] for the last 40+ years. Life expectancy is rising again after dipping and plateauing for a few years. Employment numbers are pretty good given the macro headwinds. The US forms ~5.9 million new businesses per year which vastly out paces the EU.
The US isn't without problems, but we're doing OK.
There's a popular Chinese internet saying: "If you/I are/am not embarrassed, then it's the other person who is embarrassed." (只要我不尴尬,尴尬的就是别人)