More like an actual decline and fall of empire, whereas the 19th century Gilded Age was unbridled prosperity for some and unrestricted exceptionalism for most.

Give that the gilded age was characterized by a massive spike in wages… No. No, we aren’t. Or rather, yes, we are, but only for a very select few people. For the rest of us, we’re entering into a new depression.

https://en.wikipedia.org/wiki/Betteridge's_law_of_headlines