Once again, they’re severely discounting socialization over the internet. Twitch, discord, et al account for massive amounts of socialization. For many kids it’s easier to chat or stream than it is to find the other 2-3 weird kids into their particular hobby. Watch the TV documentary “Social Studies” if you think Gen Z isn’t partying. “Euphoria” is definitely an exaggeration but it’s relatable to Gen Z for a reason. Anecdotally, I see Genz all the time at raves and concerts. These aren’t “animal house” style events but still.