None of which will happen unless the older, smarter, productive will work for peanuts.
Corporate america wants 25, freshly graduated, willing to work 80 hours a week and aggressive.
Having had both types on my staff, I realize you need both. I had older, smarter, productive throw out a solution in 10 minutes while younger, more aggressive and harder working was still spinning its wheels six weeks later. Also had older, smarter, productive spend an hour resolving a head butting situation between a pair of younger, more aggressive and harder workings that were more interested in the head butting than in getting to the goal.
Small businesses and smart managers will make good use of the "got no savings" types as they age.
Right after I transferred to another division, HR 'redeployed' everyone over 48 that was in my old department. "Not improving skills to plan".
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.