If you're in your 40s you're probably married or divorced.
At that point your main access to women in their 20s is strippers. If you have a full time job which you need to have to survive, you're at a disadvantage compared to the college football players and frat guys who are slaying.
If you're old you simply cannot rely on social circle game to get 18 year olds. That's a huge factor.
I suppose it depends. Sure, young women look for sugar daddies, but it's not a zero sum game where the only women available to older in the 18-25 demo are strippers.
I agree for the most part but having a wide reaching social network can grant you access.
In my case people think I'm in my early thirties so it's easier to blend in with 20 something crowds.
I don't disagree that frat guys and college footballers have the most access because of proximity, profile, and prestige, but guys in the 40 bracket can do well with the younger crowds but do have a smaller pool to fish from.