As you age, soft skills become way more important IMO. It's almost impossible to keep up with the changing technology landscape, and while you could theoretically become an expert in some tech that never goes away (hello Cobol), eventually it will become obsolete and you're left with no marketable skills.
And while some people are lifelong learners (I am), learning new programming languages over and over again gets old at some point. So transitioning into more of a people's role (like management) it's a good move when you get older.
And if AI keeps getting better at coding, some programming jobs could be in danger of automation, so it's also a safety net for that scenario.