Welcome to the honorable club with with Italy and Germany. What's very specific is that the old pull up the ladder. They don't pass the knowledge, nor experience, not a single cent trickles down, no power is delegated. Even the opposite, with help of immediate family they vacuum up the money and power even further.
What's quite mindblowing for an outside observer is that the birth year of American president has been almost constant since 2001. I know that millennials are irresponsible and unreliable brats, but c'mon... they're over 40 now.
Would you look at that. Clinton born in 46, Bush Jr 46, Obama 61, Trump 46 and Biden 42.
And this why immortality is bad and death is not to be cured.
https://en.wikipedia.org/wiki/List_of_presidents_of_the_Unit...
Bush Jr was born '46. Obama (literally the next president) was born in '61. Not much of a pattern there
I don't think that old people today are systematically willing or unwilling to pass down their knowledge and experience. But an underrated phenomenon of the modern world is that human society is now changing quickly enough that the knowledge and experience that old people have gained over their lifetimes is very likely to be out-of-date, irrelevant, or even actively-counterproductive with respect to the conditions of younger people.
This is a massive change from the situation of most of human history, where your life was extremely likely to be substantially similar to that of your grandparents, so anything useful they had learned and could pass on to you was likely to continue being useful. The rate of change in human life really started to accelerate with the industrial revolution, now some three centuries old; but humanity is now in a state where massive changes are happening much faster than the passage of human generations.