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I don't think "folks" is an archaic term. Perhaps it's more colloquial, or regional, but I've lived on the west coast and in the south and I've heard it used pretty much everywhere by people of all ages. I prefer it to "people".
Some words are more regional than archaic and sound funny to non-users. My Mother used words that sounded different to me because my parents had moved 200 miles north from where they were raised. Some of the words and phrases they used were not heard where I was raised. My relatives that loved 200 miles south had a noticeable dialect difference also. There was and is a difference between northern and southern Indiana in that 200 miles range.
Pocketbook. Even the signs in the stores say that. I don't know what the young people around here call in though. Maybe'll I'll ask.
Another one but it's from many years ago, was to use Xerox as a verb. Now we photocopy.
They just call them a bag. I don't know anyone around here calling a purse a pocketbook anymore. LOL Then again I am kind of young as I am only 51. My 45 year old wife has never used the term pocketbook or heard it before, although that is probably because of her Latin heritage.
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