Honestly, that makes sense to me. It seems like when economic systems start breaking down for people, they turn to populism. It’s either left-wing populism, which argues for reigning in the excesses of capitalism, or right-wing populism, which scapegoats minority or immigrant groups. Right now, the youth in the U.S. are interested in left-wing populism, but right-wing populism (AKA Trumpism) is the only thing making it into the political mainstream.
Oh yeah, that’s definitely why older folks are socially conservative, although usually when I hear people say this (and definitely in the context of this meme) they’re talking about becoming fiscally conservative.