Elders need to earn their respect. They earn their money & spend it the way they deem fit. Why are you complaining, is it because you wish you could emulate them? Everybody has different value of money. A man earning 5000Rs a month values 10 Rupees differently from a man earning 1000 p.m, or a man earning 1,00000 p.m. Dont insist that everybody's perception of the value of money should match yours. Bill Gates after having billions gave away almost 70% of his wealth. Have you even given away 0.7% of yours? Height of hypocrisy.