Demographic Analysis of Voter Turnout by Age in 2020 Election

In recent years, the U.S. Census Bureau has published data indicating variations in voter turnout across different demographic groups in national elections. The table below presents the percentages of voters by age group who participated in the 2020 election:

With reference to the data provided, analyze how age correlates with voter turnout in the 2020 election. Include specific trends and interpretations of the data, as well as societal factors that may have influenced these patterns. Discuss the implications of these trends for political parties and campaign strategies in future elections.