i see lower voting rates for young people as a nihilistic reaction to gerontocracy. i.e. if they are blocked from upward mobility, they see power protects assets and have no clear path to this, isn't it a natural reaction? let's say they all organized and had higher voter turnout - they'd still lose on the wealth front, which is what counts. the aged would defend their power vociferously and probably win through PACs, lobbying, etc.
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I expect them to vote more and vote farther right, that is the other thing disaffected people do. Germany's far right holds 25% of the parliament.
They don't vote as a protest or from apathy. Unfortunately the reality is nobody cares about this protest and it even works against their interest. When they finally go voting it's for far right parties which give them a feeling that their vote counts.