Not quite. Human mind has evolved to interpret the sensory data collected by senses, and cause necessary action. Some of that interpretation uses memory to correlate the perceived data with the memory data. That's pretty much it.
Overloading the human memory with tons of data which is not related to the context in which the person lives, can cause negative effects. I suspect it can also cause faster aging. New experiences, new information is like scales on a tree trunk. As you accumulate more of it, you age more.