Study says that damage to the prefrontal cortex in older adults can increase susceptibility to fraud and scams, which may be related to why older people share more fake news.
[source] https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4971060/
[source] https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4971060/
https://www.dailymail.co.uk/news/article-2768976/Emergency-s...
https://www.livescience.com/8452-anxiety-increase-age.html
(I can't find the original papers)