I think life or death -- the prospect of starving or being homeless without recourse from relations or from society -- is different from the prospect of being stressed for other reasons. That people mistake more benign stressors for "life or death" these days is the hypothesis I am proffering.
And while I expect that you intend it as a dunk, I'll grant the point unreservedly: I very much _do_ think people were tougher in previous eras. When I read about the lives of our predecessors, and what they endured and how they bore up under it, I feel disgusted with myself. They were not perfect moral gods, but tougher? Jesus, yes.