This is two pronged 1. the attention economy with the internet 2. reflective of a lack of social and economic safety net.
The Western world had a strong safety net which allowed for the pursuing of hobbies and the time to do so. Now I see the US especially becoming like my youth in India (and China) where hobbies are fleeting and you need to grind and make it monetarily and career wise. So working a high pressure job like a FAANG rarely leaves time to pursue a hobby. Without a strong safety net and a feeling of security people do not feel like they have the time and resources to devote to a hobby. Also does not help that our free time has been hijacked by the internet and social media so we are almost lobotomized.