While I admit that some oldsters here have Monetary problems, I think that the majority are financially secure. Because having lived so many decades, we have accumulated enough experience that we become frugal with our money rather than squandering. I even notice from other threads of posters who are much younger than us who already practice frugality. Frugality is the key.
Now, while monetary security is the Advantage of seniors, I think that on the other hand, our drawback is our health. In our age range, our health declines. Even when a senior stays away from smoking and drinking, and eats a proper diet, our health still keeps declining. So health is the trade-off with the younger generation who enjoy good health. So as expected, in my own case, I have failing health, but at least it's under control.
And how about the 3rd primary area, that of one's emotional well-being? Which generation has the advantage? Hard to say, because it could be 50-50. I can only speak for my own situation, and can say without hesitation that my Emotional-health is really great, especially when compared with the past. I notice that some oldsters here envy the kids, but no, not me, I don't envy at all because back in my childhood is when I suffered anguish. But now my reality in the area of emotions is splendid. And when I say area of emotions, that also means eliminating some emotions. I notice that so many on this forum continue to keep their hurtful emotions of regret and resentment when there is the practice of Zen Meditation that can enable them to eliminate those emotions.