Projects all jacked up after upgrading to Elements 12

I’m hoping this is just some mapping or settings issue, but after upgrading to Elements 12 from 9.5 none of my projects load. When I click the project file it will open in the old 9:5 but no clips or anything load into it. As of now all projects are totally unusable. Did the upgrade preserve any of them? I’ve looked in what I think is a new Elements folder for 12 but it consists of a crazy amount of Untitled folders in it.

If anyone knows, would appreciate the help. Thanks!

The update itself does nothing to your projects.
It leaves all former installations intact and imports only the settings of older versions.
There must be something wrong with your system.