I would say that they would live a lower-quality life as they might face some obstacles in their attempt to fulfill their basic social and emotional needs.
It depends on their personalities. If a person needs a lot of structure, direction, and guidance, he is going to have a bad time. Those times are gone.
Conversely, if a person has an independent spirit, doesn't like boundaries and limitations and likes figuring stuff out by stumbling through them, he will be happier now than a generation ago.
The opportunities of this generations comes with its own challenges. Therefore we cannot say children born today will have a better life than their parents. What makes people succeed depends not on when they were born but on how they take advantage of the opportunities life presents.
This thing too difficult to judge on . No one can expect what things may be happened in the future ,but we wish them the best ,and pray for god to best life and shiny future for them.
It depends on their upbringing. If parents work very hard to bring up a child in a godly way and teaching the child to respect culture, elders and how to give back to the society in a positive manner, I think such child will have a better life.