There is, I think, something to the idea that in prior generations, certain people could much more easily accumulate capital (eg owning a home, having investments) which would tend to result in them having petit-bourgeois political views as they aged.

communist parties in my area are all filled with middle aged and elderly people, reasonably enough

"The older you get, the more conservative you get" - person who's never met old commies, the other side of "washed up Cold Warriors".

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It is truly awful