I think the interest in "seeing the world from above" is still there.. FS2020 made a big splash, just about everyone has some type of RC "drone" and the airshows (that I've been to) still see good attendance.
What's different is while the rest of the world has defaulted to "any hardship is bad, instant gratification, can I get it through an app?" mentality the idea of dedicating yourself to, and pursuing aviation just seems too daunting to many. Plus, with many people graduating school riddled with debt and barely making ends meet people just don't have the capital to dedicate to it
While telling people I'm a pilot hasn't been the top gun chic magnet I thought it would be, everyone I tell seems interested and I've never had an issue finding non pilot friends for flying trips. My 19 year old nephew, for what it's worth, is super passionate about aviation and already has his multi, instrument, and commercial
PS, regarding the cost.. I think that's the biggest thing though:
$80K salary (good if you graduated in the last 3 years)
=$60K realistically after tax, 401K deduction, etc.
that works out to $5K each month
+$5,000
-$1,200 rent (that's assuming you have a room-mate, ew)
-$700 student loan payments (that's optimistic, many are closer to the $1K mark)
-$500 to savings (aren't you supposed to put at least 10% straight to savings?)
-$150 for car insurance (we assume you already have a car that's paid off.. many do not)
-$1,500 for food and basic living expenses, going out, gas, etc.
-$200 for internet, electricity, etc.
=$750 left at the end of the month
$750/mo won't be enough to realistically get your pilot license.. and the costs above are optimistic. In the San Diego area I don't know anyone who pays less than $1,500 for for rent.. this workup above also doesn't include costs of medical copays, unexpected bills, etc.
It's not a cheap world out there.
Anyway, queue the "millennials suck and are lazy" comments, to which I have a preemptive satirical retort already lined up: