Wow What a thread. Interesting topic. My thoughts match so many of my decade mates.
Background
So I am in the early 40s. Being born towards end of 1974.Have a Sis from 1967 and a bro from 1961. Am an Engineer MBA (who post graduated only to match the standard level of education in the family) and am presently the Managing Director for the Small India Office of a self sustained American Startup, my expertise is in the fields of Marketing, Business & Operations Strategy across verticals.
Yep we are reasonably lucky for the years in which we were born, but I feel those born towards the 1965-70 were best placed to make the most of the opportunity that 1991 and liberalization brought with it, for those towards 1972-76 they started work quite close to a semi recession and getting work at that time was hard.
That said I was lucky in having a brother who made the most of being the early bird and landed in US in early 1980s (via a job) and a sis who did the same in later 1980s (via a 100% scholarship). I hence decided to stay on in India and was never interested in going aboard. I guess those about 9-10 years elder to me would have mostly considered going abroad as the best option.
I find that most (90%) of my Engineering and MBA classmates are in the US in the USA making he best of Software Programming opportunities irrespective of their stream of graduation & talent (or lack of). While 50% of the school friends stayed on in India. So in retrospect, engineering specialization in my times meant buying a ticked to the US for most. So we have those who are say Civil engineers or MBAs in Finance or Marketing today full committed to Software programming - How and Why I don't really know but they seem to be happy in their streams and it has worked out for them.
Opportunities depended on the background from which one came and I had a lot of opportunities but one place where we were better off then than those born after 2000 is the cost of education was much lesser in our times. My MBA program fees were Rs. 2000 for 2 years for a Government University program - a far cry from todays rates. I guess our parents were lucky and when we pay for our Children's education that luck will run out.
Having siblings who worked and studied in the US helped satiate the desire to go abroad or for having things that could not be bought in India.
Working in an MNC for the first decade and half also ensured that fascination for the world outside India was short-lived.
Today education is so much better, but it is also the want this .. want that generation. I never owned a cycle, and my single digit kid is on his third two wheeler. The kids today are a lot more aware than we were at the same age but emotional balance only time will reveal.
I think I did well for myself but could have done better or worse. There is no point in comparing with others. It is not just a matter of effort & intelligence, but of also of luck (right time right place), guts, instincts and most importantly destiny (if you believe in it) etc.
The family has always owned a car but even if one owns a Merc today or has 3 cars (as I have had on multiple occasions) there is less joy in that compared to the one car that one had in the 60's-90's decades. The outstation trips in cars that got heated up and had to be cooled down, accompanied with tea and food packed were much more pleasurable than what one manages today. Today one needs a trip to an exotic location to experience something similar to the joy that one could feel in a Mumbai Lonavala trip 2-3 decades back.
My father voluntarily stopped driving when he was about 70 and we were grateful given his absentminded nature. We would probably stop driving before we are 60 (another 20 yrs) considering the self driven Goggle car etc. These are the last 15 odd years of pleasurable driving - go for it.
Drive-In Theatres are dead, and so are road side picnics. A B&W EC TV or any basic colour TV, the second 2 hr a days DD channel and the first cable TV channel all gave more joy than todays Curved 4K TV ownership with 400 channels can give.
A heavy Motorola batata shaped mobile phone transition to a small sleek by todays standards Nokia phone to the first LCD or first camera phone all gave more joy that transitioning from S2 to S4 to S6/7 can give. I almost felt naked when I left home a few days back to go the barbers shop 5 mins away from home forgetting to take along the phone. How did we even live without the mobile phone.
How often have I tried to unlock the home main door with my car remote key. -- Yes that day too is not too far away.
At 40 what one realizes is that one looks at the past fondly but it is important to be happy and live in the present and not look towards the future. Live for the present. At 40 one is at aspirational half life of the 80yrs target. The period from 20-40 passes by the fastest in ones life and rather than looking at the future or the past it is important to keep looking at the present. The aim must be to derive the most joy in the present. - Not in Gizmos alone but in how and with whom one passes ones time.
Yep I have had my fair share of indulgences in automobiles and have regretted none, but that also implied compromising somewhere else to ensure one saved enough.
Won't give up the memory of my large Cielo in my office parking lot in 1999 or the even bigger and aspirational TATA Safari in 2001 but these indulgences has to be balanced out with smart investments elsewhere across all growth instruments. All my vehicle purchases over the years gave me joy, some more some less, but I regret none of my investments or expenditures.
I Biked a bit in the 20's hope to restart in the 40's. I have started bicycling a couple of year back.
The important things is that one lives in the present and enjoys it. So many even now die young - even the fittest do - it is not always in ones hands. So the length of life and the time period does not matter, what matters in how we pack it doing things that we enjoy, and while doing so try to give a little back to the less fortunate, somehow that makes one feel a bit better overall.