A bit confused Glammy- your title asks for a comparison between our parents' lives, but your post compares our childhood to that of our children...
my parents were born in the early 1910s, me in early 1950s and my kids in early 1970s- the difference between the three generations is VAST.
In the 50s, we all walked to school on our own- and after school we went off to the woods or the park to play until supper time- same at week-end and during hols- as long as we were back on time for meals, it was fine. We had penknives and axes to make play houses in the woods too- and matches to make a fire to roast a few sausages on. Same for the 1 month a year we spent in a tiny châlet by the lake, no electricity (remember those gas lamps with a mantle?) a tiny gas stove and outside toilet (we had the lake right in front and spent most of the day in it- so washing was not a problem)- we were out with the other kids from morning till night- all ages, and only came to the châlet for a quick feed and water...
We cycled on out own to the swimming pool for the whole day, or were at the skating rink for hours and days... My mum had a 2CV, and we did all the Swiss mountain passes with the roof open, and my brother and me standing on the seat holding on to the middle bar, waving to those who finally managed to overtake us. No child locks or safety belts of course.
I could write pages ...