That’s not the material reality you’ve described because you immediately followed with “…everyone feels…”.

Material reality would be something measured in objective material benefits enjoyed.

Everything people read and consume today teaches them to feel things are worse because doomscrolling produces greater engagement.

It’s the same reason people feel “injured” (offended) by things that boomers in their day would find laughable.

It’s incredibly profitable to sell people their own discontent.