Let's be clear: globally the world is much better off than it has ever been and therefore the optimists were correct. Even in the US I remember how in the early '90s the Gen xers were always complaining about how the future was going to be f*. They were wrong too.
based on historical trends you are most likely wrong as well.
I mean listen to yourself. you are talking about generations of false optimism and yet the world and even this country has a much higher standard of living than it has ever had.
Also this is the first time in our history that the youth are expected to make less than their parents. The older generation stripped away pension plans, affordable university, affordable healthcare, job stability - basically everything that was working well, and sold their kids off into student loan debt.
Read a history book and gain some perspective. You lack it.
By the way, you left out affordable housing. That is a huge generational theft, and is the worst in areas like California, where baby boomers used zoning laws to prevent an adequate supply of new housing from being built.
Standard of living for most Americans is actually bad right now - trillions of student loan, no prospect of home ownership, no jobs, extreme income interest, weak authoritian governments,and let me know even start of climate change.
But hey, we have a new iPhone so I guess it's all fine.