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I mean, most of them have kids and grandkids, so that money is going to end up in the hands of the young in any case. And they were raised by sociopaths, so the chances that they will be as well is non-zero...
In any case, when outlets like the NYT do things like this, they know that they are using a red herring....let's get some inter-generational froth going and people won't notice who is making off with all the money and power...
There's some truth to the inter-generational conflict. A lot of the boomers and early Gen X were granted limited access to the tools of the owner class (eg. "Reverse Mortgages" are really just a tiny version of the same equity financing the ultra-rich use to access their wealth without sacrificing control of their companies or paying taxes). They've socially conditioned and co-opted a lot of our elders into protecting their interests for them, however you are correct that it's more of an attempt to obfuscate the real threat (the sociopathic rich bastards) and keep us fighting with each other rather than organizing against them.