Where are the young audiophiles?

The market is evolving away from brick and mortar, with direct to consumer, active speakers, and lifestyle type components.

The latter two is a response to the younger generation being less interested in audio as a serious hobby, but a group nonetheless with some bucks and a desire for nice sounding units. The industry is smart to see the shift, as these sales can compensate for the lower demand powered by us passionate hobbyists.

When I was a kid I had my parents old Monkey Wards stereo system from the 70's. I liked how it sounded but at that time I couldn't afford a walkman (not sure they were out then) so listening to music was done at home. In the mid 80's I got a walkman and I rarely listened to my stereo in my room anymore.

Its easy to look down your noise at the younger generation but music is different now. You would be this way too if, in High School/College you had 100 mullion songs you could listen to anywhere on earth.

Some High End manufacturers does targeting youngsters with their products through retail. Devialet is one of them. 
https://www.bhphotovideo.com/c/product/1618688-REG/devialet_mm168us_phantom_i_1100w_wireless.html

Maybe there are young audiophiles, I just don't know any.

I am 67, been doing this since I was 15.  I still consider myself young.