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I was discussing this topic with my uncle recently. To paraphrase, while hopefully not destroying his argument, he speculates that the youth of today struggle to grow up because previous generations have taken away the outlets youth have to "go wild".

All the stupid things he did as a kid are now illegal, and while some segment of the youth population will continue to do those stupid things despite the law, many others will feel the need to refrain, causing pent-up energy, for lack of a better description. Until you get that out of your system, it is difficult to move on to the next stages of life.

From anecdotal observations of the people in my life, it does make a lot of sense to me. The recurring theme I hear is when people are ready to settle down is that they have grown tired of the youthful lifestyle. That is something that only happens after you have experienced it.