My dad is 83. In the last three years he has started focusing on building up fiat so he can leave a lot to the grandkids and great grand kids.
He got scammed on $2k and agreed to have myself and a sister to approve any plan over $100.
I thing the old lady likely was thinking the same, “I need more so I can leave it to my family because they have not had the same good life I have.”
The biggest issue is he does not think through like he use to. His thinking is like a teenager, only looking at now and believing only the best can result.
I think that is part of the decline humans go through.
https://fountain.fm/episode/iCCjy1BTbUfGv0vROFxv