I thought I'd add my observations on the life of D-76... since it's my main film developer and I allow it to age - sometimes over a year.
I believe what I've read that D-76 goes through its ups and downs of activity the first couple weeks of mixing, then stays stable for a long time. I have no reason to doubt this.
Many people use it fresh, or keep track of the activity and never miss their mark.
I simply mix a batch of D-76 and decant into four sealed quart brown plastic bottles, note the mixing date on the label and use it whenever I get in the mood to develop film.
I find it is a reliable developer for me, simply because I allow a generous tolerance. Even when the developer has been kept in the bottles for a very long time.
I just used some that was 11 months old and overshot my mark. I got Contrast Index 0.92 (when I aimed for 0.80 a 15% miss, overdeveloped). So it certainly didn't "lose" activity.
Now if a 15% miss from your aim is unacceptable, you might not want to use it past the recommended time. I would prefer to have my contrast within 5% of my aim, and most of the time I am within 5%... I always check. But I think it would take more than a 15% miss to "ruin" a negative. So I sometimes take a chance and develop film in year old D-76.
I did, however, just pour out the second half of that bottle... and mixed up a fresh batch today.