Saying that 'young people nowadays' aren't doing anything like we did with punk is not only passé, but also wrong. That's looking in the wrong direction, and sounding like a Daily Mail reader.
There is a thriving underground music culture in the present day, and also a thriving international zine culture. Offsprog One has published five issues of Hidden Eggs and is at a zine fair at Rich Mix today- and you couldn't get a more multicultural and empowered generation of young people, with plenty to say beyond just pretty art and smart design.
I can't go to today's zine fair (more filming and an interview with a radio station in San Francisco about the documentary) but here's a pic of her at the one in Dalston a few weeks go. She made a special wrestling issue with posters, and she does badges as well.
Zines crop up all over the UK and are not the preserve of the middle classes, either- I sent off for one published in the Manchester area that consisted of interviews with young women in dead-end jobs. It was a fascinating glimpse into the human spirit's ability to survive, and even thrive, when the outlook appears to be hopeless.
Big up the twenty-somethings; they have the future in their hands. Try to be nice, too; they will be the ones you/we expect to look after us when we are ancient. A sense of entitlement is ugly no matter what generation you belong to. Better for us to be respected than resented, eh?