I’d wager that the vast majority of elderly are prisoners of the economy rather than owners of it, Many live on their monthly Social Security or Pension.
Many of those that are more financially comfortable are still slaves of Wall Street, even if they think that they are Stock investing geniuses who rule their economic security.
And I agree with Harmless Teddy Bear’s #13.
“Many live on their monthly Social Security or Pension.”
Many do that because they have been savers their entire lives. Many have retirement accounts and other investments worth millions, but they feel no desire to spend it, they save and prepare for tomorrow.
Those younger generations who have not yet built wealth will inherit this same wealth one day, and hopefully, build their own beforehand.
Unnecessarily divisive comments in the article; Wealth is earned and built over time, the logical conclusion to that reality is elder wealth, is it not?