This is really debatable. Everyone's heard a SONOS system and they are objectively better than a lot of "hi-fi" stuff that people prized in the '70s.
No, people aren't setting up 2-channel stereos in their living rooms as prominently as they used to.
And, it's not a hobby for young people as much as it was in the 70s, tweaking a system to get better performance.
The point about IEMs are good. What you can get for $25 now stands up to anything you could get under $1000 20 years ago. The value-for-dollar is off the charts now. There are A LOT of youth getting real hi-fi sound now, just not from speakers.
But perhaps this is because it's a lot easier to get decent performance now. What people spent time and effort upgrading from back then was (often) worse than entry-level stuff is now.
To go beyond entry level stereo sound is asking a lot from people who rent apartments and have roommates in their '30s, tend to agree with those points.
But let's take the premise at face value and assume there is a real problem with getting people into "proper" hi-fi.
It's simple,
hi-fi has to be cool again.
Vinyl became cool again, and I bet you ten bucks that CDs will be cool again soon.
Traditional speakers are not cool again. Sadly we have people connecting their turntables to pretty much anything that happens to have an analog input.
I think having listening parties and such are a good idea, but they have to be
cool. You can't just have a bunch of old beardy guys in hawaiian shirts playing Diana Krall and talking about cryogenic cables and tracking force and spreading BS about DACs.
Something like the
Art of Noise event as SFMOMA is more like what we need. Say whatever you want about Turnbull, I went to it, and the exhibition was really successful, cool, and fun, and I think probably turned some people on to Hi-Fi.
What Hi-fi doesn't need to become cool again:
- Pretty much anything you see at a hi-fi convention
What hi-fi might need to become cool again:
- Cool DJs
- Cocktails
- Cannabis (?)
- Interesting listening spaces (with acoustic treatment!!)
- Endorsements from people who are actually popular with youth
- Speakers that look cool
- Cool speakers that are affordable (<$500 pair)
I honestly think someone could do this just by getting record labels, hifi brands, and liquor brands to sponsor listening parties, then market it on tiktok, but someone has to commit to doing it.