Yeah it does, but it's a corruption of the previous attempts at labeling decades and doesn't really solve the problem of labeling decades. A decade is actually meaningless in terms of what it represents culturally, and since the explosion of The Internet, culture is now smeared and has no basis in a decade anymore. We've reached a post-post-post-post modern era. Rushkoff goes into this more in his 'present shock' theory
https://www.theverge.com/2013/3/21/4131130/obsessed-with-now...