I think the OP is too general, as proven by the different experiences on here.
My granny died last week at the ripe old age of 94, and we had her funeral on Friday. My uncle spoke beautifully during her eulogy, telling the story of her life in brief...just missing WW1, living through WW2, the Great Depression, rationing etc etc. So she had a hard life in many respects, but not so in others. She was educated by Governesses and never worked, had 4 children in a series of lovely houses etc. But she lost her husband 30 years ago (just before I was born) to a form of cancer that today's scientific advances might have cured. She never had to rely on anyone due to my Grandfather's pensions and the money from their property, and died in her lovely seafront flat.
My Granny on my mother's side never worked either, not until my grandfather died (again 30 yrs ago, I was a bad omen in our family it seems...) and she got bored and which point she volunteered at the CAB.
They both lived in lovely houses with everything you could wish for (bar their husbands obviously), and my parents followed suit.
In general I think that there is a discrepancy between each generation, ours just seems to be the first that has gone bacwards in some respects.
But we do have many, many advantages that we should feel grateful for (well, I know I do even if I can't put my finger on why)...we just have to be sensible and hope things don't get worse.
In DH's and my case, being able to afford a house big enough to house our rapidly expanding family will involve a move across one, maybe two counties into a house that will be an ongoing project I expect. My family won't be happy as we'll be further away, but that's just how it goes. Once we're there, and in, then it is Project Lose-the-mortgage (catchy eh) and try to live as self-sufficient a life as possible to cushion ourselves from the inevitable changes.