Like many have said, digital has had a major impact on Hi-Fi. Here's a real world example - My son is 31 years old. He seemingly had no interest in listening to his dad's "dinosaur" equipment. Instead he would stream music on his phone, even listening via the tinny built-in speaker. It's convenient, he can listen to anything he wants, and he can do it anywhere.
The other day, I asked him to put on some of my Sennheiser headphones, plugged in a Schiit DAC to his phone, and he listened to some of his music. His response after about 30 minutes was "holy crap dad, I had no idea". He is musically inclined and started gushing over the "layers, tight bass, nuances, blah, blah...".
Over the next couple of days, he went into my listening room (fancy name for my finished basement) and listened to various combinations of my equipment with both vinyl and CD music. Now he's looking at buying some gear and vinyl.
So it apparently has a much to do with education and listening than lack of appreciation. Back in the 70s, you had to listen to other music sources, today convenience and technology have removed the motivation to do so. I don't think Hi-Fi is dead by any stretch and a little time listening usually convinces even the most Twitter-oriented young person.
The other day, I asked him to put on some of my Sennheiser headphones, plugged in a Schiit DAC to his phone, and he listened to some of his music. His response after about 30 minutes was "holy crap dad, I had no idea". He is musically inclined and started gushing over the "layers, tight bass, nuances, blah, blah...".
Over the next couple of days, he went into my listening room (fancy name for my finished basement) and listened to various combinations of my equipment with both vinyl and CD music. Now he's looking at buying some gear and vinyl.
So it apparently has a much to do with education and listening than lack of appreciation. Back in the 70s, you had to listen to other music sources, today convenience and technology have removed the motivation to do so. I don't think Hi-Fi is dead by any stretch and a little time listening usually convinces even the most Twitter-oriented young person.