Continuous retention is a huge issue that needs to be solved, but it is not insoluble. I would not be surprised if most kids are losing their childhood photos from services being shut down, tinkering with quality, or altering terms.

However the rest of the points are wrong as the photo album step was there originally. Film acquisition time, album acquisition time, labeling time, sorting time, sharing time, shelf space creation and cleaning time have all improved by orders of magnitude and all of that impacted accessibility.