This is pure conjecture. The younger generation currently consumes way less alcohol and is overall much more studious and serious than previous generations. Years of austerity have eroded the "animal house" culture you are picturing from your youth.

They are pushing college WAY less and pushing vocational training WAY MORE. I've had my younger cousins reach out to me interested in vocational training and my opinions on that. ( My opinion? Pick a major with a career. Do two years of community college, finish up at a major university. Vocational jobs are well paying and are perfectly respectable, but tend to be pretty hard. )