Not sure about whole planet but I do realize that previous generation in USA had much higher savings rate, lower student loan, much lower mortgage to income rat

Not sure about whole planet but I do realize that previous generation in USA had much higher savings rate, lower student loan, much lower mortgage to income ratio and much higher probability of retirement in 50s/60s. I have never heard people from that generation believing that they were less better off financially than we do, although we do benefit from natural evolution in technology and science.