Yes. Today how many of children spend time listening to their elders; how many of children spend time reading morals. This is how the moral values have extincted away from children. If we look at schedule of students today- it includes nothing but studying, tutions, that is it. The parents today also do not have time to impart moral values to children and that is why most of us today do not care elderly words and do not care respecting them.
The education board today is concentrating more on increasing the standard of the sylabus for children and increasing the sylabus. But, it is not bothered about the means to impart good and wise education. After all, wisdom is important. One shall have wisdom to use the knowledge so acquired. When we have wisdom we take wise decisions and there we know respecting elders. Wisdom will never encorage arrogance and egotistical attitude.