Is life really moving at a faster pace these days? I have no idea how that could be measured, but researchers have found diary entries from Victorian times which indicate that people felt the same way back then. I wonder how we'd feel if we could travel back to those days, or vice versa - would we breathe a sigh of relief because of the slower pace, would they melt down under the pressure of modern demands?
It's an extremely complex question. For a start, you only have to compare approaches to time-keeping and punctuality in different cultures and countries to see how the perception of time changes our point of view.
It's probably not terribly productive or valuable to explore it as a generalisation anyway, because what really matters is what we believe or feel. If there is a sense that life is rushing away from us, that we are stressed and can't cope, that our time is taken up with trivialities or chores with no time for enjoyment, then that's the bottom line which needs attention. And my ability to cope is not the same as yours, so let's make our own decisions about what suits us, not allow the media/our family and friends/self-help books/bosses/"experts" and so on, make that choice on our behalf. If I want lots of sauce on my pasta, that's what I'll have, regardless of whether it's the done thing in Italy and professional chefs disapprove. To quote Bart Simpson, "My bubble, my rules"!