I think that's mostly myth, and a very very deeply ingrained myth. That's why probably hundreds of people already feel the rage boiling up inside of them right now after reading my first sentence.
But it is myth. It has always been in the interest of the rulers and the old to try to imprint on the serfs and on the young how much better they have it.
Many of us, maybe even most of us, would be able to have fulfilling lives in a different age. Of course, it depends on what you value in life. But the proof is in the pudding, humanity is rapidly being extinguished in industrial society right now all over the world.