Despite what you think they are basically conservative and imho most will still leave their wealth more or less intact for their children - on averarge they have another 20 years to live but all are hoping for 30.
They are not going to try to spend everything and die broke - it's a myth to think that they will. Some talk like that but in reality they don't.
They are also the generation that have already started to inherit the wealth in their parents houses.
