A lot is better than 40 years ago. But a lot is worse than 10 years ago, which may be why we have so much nostalgia. (And some things were better 40 years ago - kids had more freedom, for instance.)
Food, man. Food is so much better than it was in 1986. All of it. Poor-people food, restaurant food, fresh food, frozen food. Food is just a hell of a lot better.