They have a totally different outlook on life and it's smaller crises.
I don't want to diminish the suffering of current generations but I think everyone looks for something that gives their life focus and if there is no big challenge then people will look for something that makes their life important. To me the last 30 years were sort of stale. The west has no big project to work on and for the not 0.1% life seems to stagnate. So people look for something else to give life meaning. This can be religion or watching scary news and having anxiety over non issues.
Not sure what the solution is but I think somehow people must have a mission in life and the feeling they are going somewhere. Without that anxiety and other psychological problems develop.