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Teenage culture has zero bearing on how intelligent someone will be. I can tell you from life experience that Generation X'ers who grew up in the 1980's, one of the most culturally depraved decades ever, are far smarter, more rational, and are morally superior to their predecessors.
Being born in 1990, I could only catch a fleeting glimpse of what it must have been like to be a teenager in the 90s. All I remember was that people were very cynical back then; they tended to seem a lot smarter and mature than teenagers of the same age do nowadays. I can't figure out what the reason behind that may be. I initially speculated that it was because of Nirvana, but as mentioned above, it seems foolhardy to pin a generation down to a music band no matter innovative they may have been (and some argue that Sonic Youth, Pixies, and other bands were more influential, but simply got less publicity).
I'm entertaining the possibility that teenage culture may be cyclic, and that maybe, just maybe the next decade will see a spawn of more visionary, intellectual, free-thinking adolescents.
I'm not counting on it, though.