The newer generation is definitely very much ok with it. I've stopped taking or discussing privacy issues at certain circles because I basically get called paranoid boomer.
I don't think that response is accurate. I'm not old and I can say electronic privacy is something my friends and I do care about. I'm not sure why people are making these kinds of generalizations. Literary analysis of George Orwell's 1984 is part of the standard curriculum in the US for high school students.
I have had a much different experience, people say they miss the old internet when things were much more anonymous. They worry for the coming generation because of how much of life is broadcasted and preserved online via social media. The new generation isn't okay with it at all.
But the new new generation won't even remember the old internet. They won't know any better. I think this generation is now emerging and this is what the OP refers to.
This generation's parents are part of the generation that grew with the old internet. There's no time period where people will no longer know the consequences of not having privacy online. And if they do, they'll one day reach an age and regret something they said and wish it didn't exist online. They'll end up relearning the lesson. There's a strong "woke" culture that isn't going away with coming generations. The right to privacy is a pillar that people will always fight to protect.