I think there have been both positive and negative consequences. Women have certainly benefited from changes in society. It has become common place for a woman to work and expect equal treatment. Men are also encouraged to have a more active role in the families. Men have moved from being hands off to hands on when it comes to children, cooking, and other family roles traditionally held by women.
At the same time, it has led to some dangerous consequences. I see many teenagers wearing clothing that my mother would have flipped over. Teenagers are permitted far more freedom and there are not always positive consequences. We've seen a rise in STDs and teen pregnancy. While society no longer places a teen mother in a hidden facility, we have become a little too accepting. Some teens now plan a pregnancy with their boyfriend and society accepts this as a good idea rather than something to be discouraged.