No, I think the hobby is thriving. As you stated, most of the guys in their late teens or early twenties are not as financially established. But they are into it alright. You just need to find the right crowd. :-)
Most of them are over at Head-Fi.org. And people get together often where they live. I participated in a few gatherings a few years back. They get pretty serious too. The crowd ranges from teenagers to old folky. And they enjoy comparing headphones, amps, different sources and cables. So it's encouraging. For the money, you can't beat what you can get out of a pair of good headphones. (But I still prefer listening to speakers)
I started with my first system when I was 22.
FrankC
Most of them are over at Head-Fi.org. And people get together often where they live. I participated in a few gatherings a few years back. They get pretty serious too. The crowd ranges from teenagers to old folky. And they enjoy comparing headphones, amps, different sources and cables. So it's encouraging. For the money, you can't beat what you can get out of a pair of good headphones. (But I still prefer listening to speakers)
I started with my first system when I was 22.
FrankC