OK, here is some food for thought.
My personal take on this: folks who are, say, younger than forty should not plan on living as well as their folks did.
Sorry about that kids.
Likewise, folks who are, say, fifty and over, and who got hit with big losses over the last couple of years - I'm talking lost jobs, savings, homes - are probably not ever going to live as well as might have before, say, fall of 2008. For a lot of folks, that ground is lost, and is not going to be made up.
Get used to it. It's a great big crap sandwich, and we're all going to eat our bite, some way more than others, until it's all gone.
Jobs may well be returning to the US, but they're gonna pay $10 an hour. Employment at will, limited or no benefits, no retirement other than whatever you put together for yourself.
If you're some form of exceptionally clever fellow and work your behind off, you may find a way to do well. Most folks will basically scrape by, one way or another. For a lot of folks, that's gonna be for their entire productive lives.
But the kind of world I grew up in, where a person of average ability with a reasonable work ethic could expect to find some kind of useful, satifsfying work to do, and achieve a moderate level of basic financial security, is probably not going to happen for a lot of folks. Probably the majority. For quite a while.
Welcome to the new normal. It took us a generation to dig ourselves into this, it's gonna take us at least a generation to dig ourselves back out.