Information overload is part of Maslow's hierarchy of needs (2016)
qz.com
qz.com
So no, information overload is not part of Maslow's hierarchy of needs. Rather, avoiding it is.
In my late 20s, I physically cannot do this anymore since my eyes start to hurt. I am forced to get out of bed and open the blinds until my eyes adjust to the light, then scroll through my phone. But by then I don't feel like scrolling as much. So that problem fixed itself :)
Long story short: the volume of things we can absorb skyrocket and so techniques to manage them, on one side, to master them on another side, start to get designed and tested.
Arriving in the modern era Xerox PARC invented the desktop concept, the modern Mundaneum implementation witch works, and invent many things to manage a very big quantity of information, things like tagging and scoring systems. Feeds happen allowing users to select contents from "the infosphere", feed readers who support tagging, filtering, scoring etc came to life and so on. On another side some decide such power is not good on citizen's hands, and decide to centralize Xerox "personal" techniques layering them under "aggregators", "social networks", "{up,down}votes" etc AND do their best to keep people attached to such services. On "the masses" side most simply keep living a day after another reading news convoyed to them almost passively, with no memory or personal organization.
Now "information overload" is just a way to drive people's thinking through emotions exploiting their passiveness and lack of rational interests.
It's not a matter of needs, of human nature etc it's a matter of understanding human psychology and use it to drive the flock. There are not so much details but just take a look at https://en.wikipedia.org/wiki/Squeaky_Dolphin as an example.
IF we keep a modern Desktop computing vision with personal tools we can satisfy our instincts at home, if not...
It may be a new addiction, but certainly the point can't be made that the 1980s (or any other time in history) was a time where infomania was a serious concern for the majority of the population, even though more information was made available daily than in 300bc.
New sources of information overwhelm people who are not equipped for it, but this is a flaw in the individual not in our basic biology or psychology.