[Ferret7446]

The quality of life of the poorest members of society is also much higher than it has ever been, indeed, much higher than historical kings and lords.

Unfortunately, people do tend to be happier if they're miserable among other miserable people, than if they were living comfortably among people with cooler things than them.

[readyman]

Your first point conflicts with your second. Maybe work on that.

It is very well understood across all relevant metrics that younger people are less economically secure than their parents. Coupled with extreme and growing wealth inequality, this is bound to be a political problem whether you like it or not. And, these suicide numbers suggest it may be a serious psychological problem as well. Your platitudes don't change that.