Where are the young audiophiles?

The is no too much correlation between money invested in audio and sound quality of the system. It is more depended from a persons' musical test, knowledge, experience, skills.
Audio is not plug and play. You can spend a lot of money and get nothing good. Some very rich people buy super expensive audio same as exclusive furniture for prestige without understanding in audio subject. The best home systems I listened weren't most expensive systems. The same on audio show, best systems are not most expensive. In opposite some super expensive systems sound horrible.
On other hand, if two people with the similar audiophile skills spend different amount of money the person who spend more have more opportunities to get a better sound.

IMHO the on of reasons is -
The record quality of modern pop music, which most of young people like to listen, is very bad.
Basically this music recorder for listening on boombox and car audio.