For several reasons
I think there are several reasons older men will wear speedos.
First, if you swim for exercise, board shorts are just silly. They slow you down.
Second, I think younger guys might wear speedos more but they are fearful of what others might think. OMG, he is wearing a speedo; he must be gay. Older guys like my self just don't give a crap what others think. I've kept myself in shape, like to swim, and really don't care what others think.
And lastly, I think younger guys are concerned about getting an erection while wearing a speedo. Hard truth: erections just don't pop up as frequently as you get older. Funny, but when you are younger you are scared of having an erection at the wrong time, but older guys will pay big bucks to get one.
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