For most, they're beaten, defeated. They decide this is all there is, and they're going to ride out their remaining years doing as little as possible other than wallowing in regret and yelling at kids to get off their damn lawn. It's sad and terrible. I can hardly bear to be around a lot of people who were so vital when they were young.
The others, though... they see the clock on the wall. They know that, at best, life is more than half over for them already. They have a limited amount of time. They're the ones ticking things off their bucket list. They understand their priorities. Now, you may not understand just how important it is to them to start a new business, or grow the perfect tomato, or travel through China, but they get it in a deep way, much deeper than most 20-somethings can imagine.
You really, really want to work with people like this if you can. They're brilliant.