Fictitious movie where death of john lennon is announced on tv and rise of punk movement

I saw this movie a long time ago, when I was a kid. If I’m not mistaken, the movie’s main plot revolves around a middle-aged family man. The only bits of information I remember are that the announcement of the death of John Lennon are shown on the television in the movie and also the rise of the punk movement but to mirror how the culture was moving past the older man – it showed some scenes where teens with colored mohawks are riding skateboards and such.

 

Thank you in advance for anyone who helps me out.

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