Yes, but most of the wealthy are elderly and few are children.
Citation:
31% of Wealth Owned by People Over 70 - https://www.apolloacademy.com/31-percent-of-wealth-owned-by-... - December 7th, 2025
31% of Wealth Owned by People Over 70 - https://www.apolloacademy.com/31-percent-of-wealth-owned-by-... - December 7th, 2025
This is the key - to cover the insane costs for elderly, insurance companies have had to raise costs on the healthy, which includes children.