Age of the older generation (3)
I believe the answer is:
era
'age' is the definition.
(both can mean a long time)
'of the older generation' is the wordplay.
'of' indicates a hidden word.
'ERA' can be found hidden inside 'older generation'.
(Other definitions for era that I've seen before include "Geological period" , "Long historical period" , "Long period of time" , "Memorable period" , "Are involved in time span" .)