It's trite, but I think a part of it is "because the internet happened" - and I don't mean just today's enshittification era but also the "good old times" everyone seems to remember fondly here. At some point, the internet was full of that kind of community spirit that you described, but of course this meant that people were more likely to direct their energy to online community building than to real-life stuff. And unfortunately online communities didn't always teach the skills that offline communities required, and also probably contributed a lot to the "consumer mindset" the OP warns against...
The downfall of social institutions was well on its way by the Boomers.
I suspect there are a lot of reasons. You don't have men and their housewife for the most part. So the typically male Lions, Elks, etc. clubs don't fit as well with modern lifestyles for that reason in part. Bowling nights went out of fashion. People are less likely to to be clustered in a town/small city for work. There are just a lot of reasons why routinely heading down to $PLACE with all the guys after work just isn't that popular any longer.