lamarca, yes young(er) people do still hangout and just jam for the love of a good tune. i'm 24 years old and i play in a 7 piece bluegrass/newgrass(whatever that means) band. we do gig as often as we can but money has never been our biggest motivating factor. the band was formed basicaly becouse we had the gear and we figured we might as well try to bring the music to an audiance. we met around a campfire and thats still my favorite place to play.
as for music being something to look for from paid entertainers.....how about a folk or bluegrass festival? at least 10/1 parking lot players to payed performers.
just my personal experiance.ol'unclenort:)