What's (not) Wrong with this Picture

Do you remember the days before all playground equipment was covered in foam rubber, and children did not dress like miniature adults?
It wasn't so long ago that the world didn't seem like such a scary place.
In those days a heavy steel plate with bars which could accommodate a small horde of squealing children (and still more pushing the contraption around and around) was considered good safe fun. Today it would be called a screaming metal death-trap.
Little girls were allowed to wear pants or jeans (or slacks and dungarees as they were called in my house) which allowed them to hang upside-down freely from the monkey bars without showing the world their underpants. They didn't have to worry about tripping on their hems or ripping their tights or figuring out how to keep their dresses down while riding a bike. They also didn't fear being labeled or considered unfit for shiduchim.
Where I grew up kids played outside unsupervised until suppertime. My children have too much homework to get through to spend hours running around outdoors, even if it were considered safe enough to allow them to roam the block alone.
Has the world changed that much in 25 years or have we just become more fearful?