Some do, some don't. Me and my mates all did it the right way, but equally, I remember seeing a few mother and son duo's that did it the wrong way.
I have no issues with younger people enjoying the big ballroom all nighters that play the big 60's oldies, as these songs are great and It's what got me into the music and collecting. But over time you move on musically, that's the important thing. I bet there are young kids going through that transition now, and also those that will never move on from such events. As long as they dig the music then that's all that matters. But for the life of me, I really can't see why any young person would embrace the bags and vest look. It blows my mind even trying to work that one out.
Also worth remembering that quite a lot of people are on the soul scene for reasons other than soul music. Lot's of people that feel they can fit in on such a scene, but aren't really sure what it's all about. Also lots of drug addicts that can continue the party lifestyle.