I believe we can still say we have a soundtrack of our lives, at least for now, i don't know how it will be in a few years.
There still are bands who shine through, bands you may or may not like, after all, everybody has a different taste in Music
The Music of the 60's and the 70's was (and still is) great, and it's influence on later bands was enormous, but so is the Music of the 80's and the 90's and even some of the Music of the century we live in today.
Keep in mind that every band is influenced by another band, this can be a much older band or a band of the same time...
For example, most of the songs of
The Doors and
Elvis Presley are covers from older bands (50's, 40's and way before that)
It is actually funny how Music works, for example, there was a time when the Music of
The Beatles was "wrong" to listen to. At one moment in time
The Beatles were even described as "the four horsemen of the apocalypse", yet when their Music became mainstream it suddenly was ok to listen to them...
While in the 60's & 70's there were bands like
The Beatles,
The Rolling Stones, ... In the eighties there were
Michael Jackson,
Madonna, ... In the 90's there were
Nirvana,
Take That, ... and so on...
It all depends what bands you listened to while growing up, and what kind of Music you like