@LAW0044,
It's true that some kids today are disrespectful, but that is not to say the way you specifically were raised is the correct way.
That is like me saying that everyone should be raised the way I was because I try to show respect for everyone (not just adults)
What do you think are the best ways of raising a child to be respectful (especially) to their elders?
I think much of it can be seen in the way the elders treat the kid. If there is mutual respect shown the child, they tend to learn more readily how to show respect as well.