I disagree with the "young" part, to the extent that plenty of young people who are not power users understand this tradeoff viscerally just as much as older people do. The main difference I see is that people who are of working age tend to be more willing to pay money/a premium for someone to remove the need to make those choices.
Also I would actually say that older folks that have been around for the more open systems when the web was flourishing have a bias for things to always be this way, even if it was transient. Younger people who experience more locked down things throughout their existence come to expect it. So not sure about the young vs old
