JLM, do you know for a fact that suicide rates and bankruptcy ate are more today compared to 1959? Or is that just your feeling? If you have any statistics, put them up and we will take a look at it.
However, I have posted statistics, on life expectancy, infant morality, personal income, standard of living, racial prejudice (and sexual and all kinds of prejudice). Statistics which clearly tell us that we are better off today compared to 50 years ago.
And even if suicide rate, bankruptcy rate is more today (and we don’t know that it is), it doesn’t prove a thing. Progress, prosperity comes at a price. In the old days, credit was not readily available; many people didn’t have credit cards. These days credit is easily available, so it follows that some people will get into trouble. If gambling is banned by law, nobody has a gambling problem. But once the casinos are made legal, some people will inevitable develop gambling problems.
So higher bankruptcy rate (assuming it exists) is just reflective of the availability of easy credit, nothing more.