Youth don't have as much (or any) savings to lose and can switch jobs / demand a raise to make a higher wage. Anything they do have saved is probably invested a

Youth don't have as much (or any) savings to lose and can switch jobs / demand a raise to make a higher wage. Anything they do have saved is probably invested and increasing in value along with inflation. Elderly just have less money to eke a living on, and can no longer get a job (most likely). Everyone gets hurt by inflation (well, maybe not if you have a ton of debt), but the elderly are stuck and can't do anything about it.