I'm not 60 (yet), but ...
Well, I'm 50ish, had my share of casual sex in my teens and 20s, and one long-term "friends with benefits" mid-20s thru' mid-30s, one child resulted. I'm still a friend of hers, and the kid calls me "daddy", has her second degree, and is married. I'm in regular contact with both of them. All three of us are sane, IMO.
Today, I'm happily married to a woman I met in my late 30s, and intend to stay that way. The ONLY regret I have about my past is that I never adopted my daughter (I am listed on the birth certificate, but the mom didn't want me to be "official" at the time ... today, she regrets it, too).
Sex is a thing humans do. Once the hormones start doing their job, it's inevitable. Trying to suppress it is pointless ... And probably contra-indicated, when you consider that rebelliousness is also a normal state of adolescence. I am NOT advocating youngsters fucking like bunnies, but I suspect that ramping up on realistic, non-judgemental sex-ed, and proper access to contraception, would be a good idea on a long-term basis.
Note that I realize that I am a "sample of one", and thus a testimonial, not a scientific survey ... but I'm far from alone. Contrary to what the VeryVocalMinority[tm] bible-thumpers would have you believe, not all Americans have hangups about sex and the consequences thereof.
 Maybe more than my share, considering I was/am a computer/networking nerd ... It probably doesn't hurt that I was raised in a barn ;-)