No.

Hipster to me was just the trust fund kids who wanted to cosplay as working class. They never went away, just the popularity of the term.

And where I live there are still lots and lots of hipster types, though the working-class aesthetic isn’t ‘peak’ anymore, it’s considered more niche and the younger trust fundies are much more about conspicuously and overtly displaying their wealth.

That said, I know plenty of people who are like 35-50, who dress like they make 40K a year, and they make 500K a year, and they identify as ‘poor working class’.