Yeah I think they misunderstood what was happening cause they were getting wealthier as they got older.
Honestly, you just become more protective of your stuff and things you consider yours as you get older.
There are plenty of nerds that are super conservative about their fandoms and what is allowed to happen with them and same for all kinds of niches but the idea we would get more conservative with money really assumed we would accumulate more of it and assets. But what people do have is their apps and thoughts and those... Those people will be just as conservative as the boomers are about their money as they get older.