Personally, I always thought that this issue is overblown.
Below is a chart of normal hearing loss with age, shown as hearing threshold db per freq per age group, for men and women. There are many versions of this same chart floating around, this particular one was recently reproduced in a Lancet article. https://www.thelancet.com/journals/lanwpc/article/PIIS2666-6065(21)00040-7/fulltext
We know that the magic in music happens in the midrange. Sure, there is spatial information in the high frequencies etc, but honestly, we can all change eq settings / equipment / listening levels as our hearing shifts with age.
When we are first exposed to music that we fall in love with, in our teens and younger years, it's not because we can hear what's going on at 15khz. Or even 8. We often listen with crappy speakers and headphones in those ages anyway. Is it unfortunate that we can often afford more gear as we get older and our hearing gets crappier? maybe. But all of the riffs, melodies, lines, and even harmonies I love listening to should still remain well audible in my older ages.