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You don't think any American generation did better than the previous one through work?
Some generations did better than previous ones due to economic conditions at the time, and this is especially true in the period between WWII and Reaganomics. Some individuals experience both hard work and success, but there are a great many hard working individuals who have no personal wealth to speak of.
As for working hard, (unless I miss your point) - it's hardly new for older generations to accuse younger ones of not wanting to work.
Why qualify this with "through work?"
Because that’s part of “the American dream”?
Not really?
How would one “work hard” without working?