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a lot of attention given to phones, somewhat rightly so, but little to the rest of society. class -- can we think of any current events might lead to children being despondent about their future? anything at all going on in the world?

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The dissolution of many of the financial/social cornerstones of our society such as: class mobility, third places, education, trust in your neighbor, privacy, meritocracy, free thinking (and the right to dissent), etc.

My question to the reader is this: Who benefits from this?

Compared to world wars, the threat of nuclear annihilation, widespread racism, etc.? No.

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