Younger people tend to be more conservative. They tend to have less energy/motivation due to greater social commitments and have much less capital to gamble (n

Younger people tend to be more conservative. They tend to have less energy/motivation due to greater social commitments and have much less capital to gamble (no savings, no assets, no skills to consult on the side with). This, of course, doesn't mean most young people have to be conservative when they're younger, just the vast majority will take a safe job to establish a career and set a business up when they're older, vastly more capable, with a much larger set of skills and able to take bigger risks.