True. I can remember being young, dumb and full of... My baby boomer generation had fast cars, motorcycles, Boone's Farm, bell bottoms, platform shoes and lots of recreational drugs when we were teens (I did all except for the drugs). We got our drivers license as soon as we were old enough and started working when we were 16/17. Although we were not mature yet we were out there in the real world dealing with it and having fun.
Millennials and Gen Z are vastly different. They are maturing much slower that previous generations. They are heavy into social media, electronic games and anything i* which is probably one reason they are "different". While it's true that some of them are moving into the real world, many of them are having issues dealing with the real world and having to go to therapy sessions and take psychotropic drugs to function.