Hello Walrus.
I fear you are right. Another aircraft-specific forum I have used for 8 years, & used to be crammed full of builders' & flyers' anecdotes has virtually dried up, with one long standing member making the same observations as you do.
I grew up making model aeroplanes, like many of my generation (I'm 71), and then got into flying via hangliding, microlights, gliding, & eventually graduated to PPL. My health now prevents me flying, but I still visit forums.
I do not see the same level of early interest in flying that seemed prevalent in my day. The younger guys certainly have the money to fly (unless runaway house prices have taken all their money?), but the clubs seem exclusively populated by old farts of my generation, who usually like to talk about their flying stories. Very few youngsters from what I've seen.
Perhaps they prefer the instant gratification of computer games, or just prefer to use their leisure for beer & barbecue. Flying is perceived as difficult, dangerous & expensive, and few seem to get as far as even a trial flight. What fun & achievement they're missing out on!
And, as you say, the omnipresent power of CASA doesn't help. In the UK in the 70's & early 80's we were exempt from any regulation. I, like others, designed, built & flew 3 microlights, before graduating to design on a fully licenced 'conventional' trainer. Without the freedom of those early days, it is doubtful I'd have finished up flying & working in aviation. Indeed, due to a re-registration issue recently, my poor little plane spent 2 years in a hangar at huge cost, unable to fly. I eventually cut my losses, sold it, and that's the last I shall fly.
I don't know what the solution is. Neither of my sons in their early 40's is interested in flying. But I agree, I think the whole sport aviation scene is gradually atrophying. But I'm so grateful for the fun, pleasure & excitement flying light aeroplanes has given me.
Bruce