Folks who tried tone dialing on touch button phones never, ever, wanted to return to dial phones.
On the other hand, 47 years after the FCC kick started FM by mandating an end to simulcasting in most markets, AM still has nearly 20% of the market, a figure roughly commensurate with the percentage of AMs with viable signals in rated markets.
So AM is not being kept alive, as we sometimes tell our kids, "just because". AM is alive because a large number of stations are still viable, and as long as they are, we will continue to have them around.
For all we know, economically sustainable AM narrowcasts will take the place of some AM formats in the future, giving a bit more life to the band.
What we know now is that 9 of the 25 highest billing stations in the U.S. are AM, showing that good facilities are still highly viable.
Yes, the gradual decline of AM shares shows signs of continuing, but the decline has been quite slow in the last decade and a half so it is not really correct to say that AM is "dying" unless it is in the context of the eventual death and replacement of much technology.
We have a saying in Spanish that goes, roughly, "you are looking for the fifth paw on the cat". It ain't happenin'.