I think kids in any era tend to see it as a golden age, my uncles who were kids in the 30's talked about it being a great time, yet it was the depression, and my dad,who was 10 years older knew better......kids see things differently, it is the way we are wired as kids. I think there are good things and bad things in any era, kids today don't have to fear getting polio and being crippled or killed, the survivability rate of auto accidents is infinitely superior today, kids with special problems get help rather then ending up like Boo Radley in "Too Kill a Mockingbird"...kids in some ways have access to so much more then we did, the internet and such has brought challenges, but it means they also have access to information and knowledge we could only dream about back then (whether the kids use it, well, is anyone's guess), and I suspect if you ask them about it many kids will tell you they are having a great childhood..
One of the ironies is that while the 1950's was the golden age of railroading in some ways, many of the railroads were being run into the ground by bad management, they weren't putting money back into maintaining track and such and were basically sucking them dry for any profits they could get (specifically talking the New York Central and Pennsylvania Railroads), and it helped lead to their collapse, it just took a long time for them to do it so it became evident.
I think part of the charms of the 50's (and I think there were charms there) was that most people simply weren't as aware of things, in the sense that you lived in a kind of bubble. News came from the local newspaper, and while it obviously had bad news, tensions, bad things happening, it was a slower, less pervasive form of information. You didn't hear about every little thing, the big news in a small town might be the QB on the high school football team got caught necking with the cheerleader or something *smile*. Radio and then tv news were there, but it wasn't the intense cycle we have today, where news has become entertainment. Changes were happening, but a lot of people ignored it, the beats were the first signs of revolt, an we look back at the music of the era with nostalgia, back then lot of people saw it as a threat for the future, that it was causing society to be 'lowered', with young people dancing to 'negro' music and the like (and music had no small part in what became the civil rights era, black rhythm and blues and such fed the burgeoning rock and roll music..). Plus people had a lot to be optimistic about, the GI bill was helping move a lot of people into the middle class and getting educations, and jobs were plentiful in many places, so it was easy to ignore the bad things, the hysteria of the red scare, nuclear war, racial disparity...and if we didn't recognize the plight of blacks, it was because many people lived incredibly segregated lives, where there home, jobs, schools and the like were all people like themselves.
Does that mean the 1950's were really a bad time to grow up? Nope, not at all, I think it had a lot of things that were good for many people, I think the sense of optimism was a great thing, the idea we could do anything, there was a lot there. BTW I would be careful about gas being 27c a gallon, compare that to salaries, inflation and so forth, ya might be surprised..kind of like looking at a 700e that cost 75 bucks and saying wow that was cheap..when in today's dollars that is like 2500.....
One thing I want to comment on, I wouldn't be so hard on the kids today, anyone remember all the movies like 'the wild ones' and such, that said the young people of that era were going to be a bunch of degenerates (heck, they said my generation, really the first true children of television, were all going to be homicidal, brain dead maniacs because we supposedly watched so much tv and 'violent' cartoons like bugs bunny and road runner). I would be so sure about academic achievements of students in the 1950's versus today, when sputnik was launched in 1957 suddenly we went through a paroxysm, and we found our schools to lacking, especially in math and science. I can tell you the kids in schools today face pressures we never did, and a lot earlier, things we learned in high school are being taught in middle school, and the load on these kids is incredible, they are doing hours of homework, which speaking for my generation was not the norm, and they are under incredible pressure I can guarantee you kids in the 1950's didn't feel....it isn't entirely good, but I see a lot of young people who are working hard in ways we never had to, it is incredible, the pressure of homework, and then also the rest of their lives, with so called 'ec's' (extra curriculars) and the like......and the kids are reaching up to it, and that gives me optimism. My son is a budding musician, will be going to conservatory next year, and the kids in music today are staggeringly good, many kids today enter the best conservatories playing better then graduates were 20 or 30 years ago, to get into a top school on violin, my son's instrument, kids start really young and dedicate themselves young, putting in 3,4 5 hours of practicing a day, if not more.......and there are kids doing that with a lot of things. We hear about how the Chinese and Koreans produce better students, but take a look at who is creating tomorrow, it is people like Mark Zuckerberg (love him or hate him) and scores of other innovators, and a lot of them are coming from this country. I see a lot of dedicated, smart young people who quite frankly would put most of the kids I went to school with to shame. People in the 1930's said the young people of that time were slackers, didn't want to work, were disrespectful, listening to 'immoral music', and they became 'the greatest generation'.....
I'll leave you with some words about nostalgia, kids, present, future, etc.
"The young of today are disrespectful of their elders, they don't cherish our traditions, our faith, they are lazy, they don't want to work, and I fear for the future".....translated inscription from Babylon, C700 BCE.
"Little mouse, thou art blessed compared to me, for only the presenth toucheth thee; while I, with a yearning,backwards glance, and though the future I cannot see, it worries me nonetheless".....Robert Burns, Ode to a Mouse (paraphrased).