Contemporary societal culture is biased against old folks—little respect, not valued for their wisdom and experience—but the problem with more older people is higher costs for retirement, healthcare, and a smaller pool of tax payers.

not particularly, no. while the "boomers ruined the economy" trope isn't all right, neither is it all wrong. they effectively mortgaged much of the future value of the country and extracted it.

now "old folks" in question are demanding a lavish retirement at the expense of me and those who are currently young despite the fact that when they funded something similar for their grandparents, the proportional burden was radically lower. a society that would significantly burden the future of its young (and therefore its own future) to cash out the olds smacks of a ponzi scheme and is hideously distorted.

what's more, elder care sucks dollars from investing in interesting industries (colonizing space, growing our industrial base, new computing technologies) to mindless nonsense. instead, those dollars will go to building bingo halls.