I personally think that life for a few has never been better. This is without a doubt mankind's golden age of achievement, but too few are able to enjoy the fruits. I think what is worse for a lot of people that are just getting a taste of what modern life could be, is the sad realization that they aren't going to have a chance to take part. Media only makes it worse in the sense that 3rd world people are now entirely aware of first world standards, but they might as well be living on another planet.
We are facing peak everything and nobody wants to talk about it. I actually expect the long slow decline has already begun and if we are very lucky (cause nobody is doing any planning for it) we might see a few million living like their ancestors did. I am not in the 'cornucopian' camp. Enjoy it while you can...