Anecdotally this does not apply to my laptop from 2014. It was born with a HDD and upgraded to SSD a couple of years later. It still feels fast enough and, more up to the point, it doesn't feel to get any slower by the years. Actually it's getting faster and that was the feeling I had with my previous laptop from 2006.
OK, I've been using Linux on them since January 2009, so no Microsoft software (but Teams is slow, I installed it a couple of years ago and uninstalled it.) I used Ubuntu until one year ago, then Debian.
In all those years JavaScript browser engines got much faster for everybody, not only for me. Browsers are faster now. Some sites are slower but NoScript and uMatrix take care of most of those problems. They add others, such as fiddling with settings to enable as little of JS to make the sites work. Maybe I should account the time I spent doing that as part of the slowdown.
Everything else I use is at least as fast as it used to be. Let's see what I have open right now on my screen: emacs, Thunderbird, VLC, KeePassXC, Slack, Telegram. Slack has never been fast but it's not slow either. LibreOffice is fast enough and it doesn't feel slower than what I remember it to be. And in the background: some docker containers (three PostgreSQLs, one redis,) a Rails app + Sidekiq, a Django app + Celery, one webpack for a Vue.js SPA. They are OK and this computer is a few times slower than what I could buy now.
So, some software eat up all the hardware improvements of the last 10 years, some other software didn't or actually improved.
Edit: of course I also have a browser open on my screen. Firefox with one window per virtual screen and many tabs per window. htop is saying 15.7/31.1GB.