I have had the same thought. I think basically all developed countries are like this now, to some extent. Previous generations were much better at coping with adversity and making sacrifices. In a way, we have all become too accustomed to prosperity. Relatively speaking, I imagine this is a cycle that has occurred throughout history.
WWIII will be fought by a bunch of computer geeks and media. The war won't be for land or resources. It will be to control what you think. It's already being fought and the casualties are mounting. The mass brainwashing is underway. Confidence in the news still strong? Confidence in the experts still strong? It's already over. News flash, we lost.