In that sense, yes absolutely. There's a huge prevalent mindset of anti-intellectualism and hopelessness that leads to individualistic hustle culture with no appreciation for the arts. I think you'd see the same thing in any nascent fascist society in history, where any actual love for art is replaced by much shallower symbols in the service of reinforcing hegemonic masculinity. But even among my leftier friends, if I send them a message that's longer than 2 sentences I'm very likely to receive an "I ain't reading all that" (even a literal 3 sentence message).
I think music has probably retained a similar relevance for my age group as previous ones, but the way that people engage with music is a lot more easy come easy go, which means that unless you have a specific kind of personality you're unlikely to try to dig much meaning out of music, especially men with lower emotional intelligence. But there's still the same drive to make music a part of your identity, just shallower.