I'm in my 40s too, and certainly feel like we've crossed a significant line. Pointing definitively to that line isn't easy, though.
Traveller's Tech levels are a spectrum that is merely descriptive of historical Earth up to the present, and are arbitrarily speculative after the present. Those lines aren't much use outside of the context of the game universe.
2300AD uses the distinction between old and new, military and commercial technology to draw a series of lines. But this assumes military tech is more advanced across the board, which is not always the case. The electronics in many of the latest fighters look hopelessly obsolete next to those in your phone because their development programmes take decades and cannot change as quickly as the pace of technological advancement. this is one reason for simpler, smarter, cheaper weapons programmes.
One fascinating pair of lines for tech levels is drawn by Bruce Sterling in this book:
http://mitpress.mit.edu/books/shaping-things
He posits two lines for a tech level change (Technoculture Revolution, in his terms):
The Line of No Return
"We know there has been a revolution in technoculture when that technolculture cannot voluntarily return to the previous technoculture condition."
The line of Empire
"We know that this revolution has become the new status quo when even the fiercest proponents of the earlier technoculture cannot physically overwhelm and defeat the new one. ... That's the line of Empire."
So, for example, a society that would cause masses to starve to death by trying to go back to, say, pre-mechanised farming has crossed a line of no return. A society that can dominate others militarily and economically because of their superior technologies has crossed a line of empire.
The question is, therefore, can we go back to pre-internet, smart device days without unbearable economic consequences? I'd say not. Can a society deploying these technologies dominate another without them in business and warfare. Very likely. Up one tech level.
J