dk -- I understand the point you are making, but frankly every generation has faced the same kind of issues and challenges which you outline, there is nothing unique in what kids raised in the last 20 years have faced. I am a boomer, so older than you, so I am sure you don't have these experiences from the 60's and 70's, but your parents did:
The 60's
-- Vietnam War and watching it in living color every night in your living room (I remember coverage of the Tet Offensive very clearly)
-- 1968 DNC Convention and Chicago riots and 100 other riots all over country provoked by it
-- Assassinations of JFK, Martin Luther King, Jr., Medgar Evars, Malcom X, RFK
-- Peace marches and riots
-- Watt's riots
-- Rise of the Black Panthers, the Weathermen and other groups which sometimes promoted violence and bombings
-- Hong Kong Flu Pandemic
The 70's
-- Kent State shootings
-- 50% loss in stock market in 20 months
-- High unemployment, reaching double digits
-- High inflation, including interest rates of 20% which adversely affected consumers, especially their ability to buy cars and homes
-- Oil crisis and long lines and expensive prices for gas (sat in some of those lines)
-- Middle East conflicts
-- Love Canal and rise of environmental disasters and need for clean-up
I am not trying to make this a contest about "who faced more challenges growing up" -- because I know I lose that. My parents had it a LOT, LOT worse in the 30's and 40's. My point is that every decade has wars, crisis, financial problems, illnesses, violence, unrest, social injustice (Woodrow Wilson imprisoned and torture suffragettes in Nov 1917 for daring to picket the White House for the right to vote).. Every generation has grown up with those issues because we are humans and repeat them.
To me, it is an issue of have we equipped our young people to now face and address those issues. Sometimes I look at the 20 somethings of today and think we have, but increasingly I also believe that we have perhaps sheltered them just a tad too much (at least in the US) and I am afraid that cultures which have not sheltered their children as much -- and which have ambitions for a big role in the world -- will eat our youngsters alive in the next 20 years.