It’s interesting that the women seem to convince themselves that the men genuinely find them sexually appealing. To be blunt not many young people find men and women in their 50’s and 60’s shagable. I think theres a big dollop of self delusion here, most women I know would feel extreme self loathing at the idea that the person having sex with them doesn’t actually want to.
If someone will only have sex with you in exchange for “presents” you have your answer. I think it’s exploitation full stop. I do think on average men care more about whether they want to shag you than if you want to shag them so women need the “boyfriend” experience to be able to actually do it, otherwise you’d see a lot more male street prostitution directed at women in the uk.
I do think it’s not as clear who’s exploiting who, some of these women will think they are in genuine relationships with a poor young man and they are just “helping” him. I’m not sure if they allow themselves to make the direct link between payment and sex and the men they see will be full of pretty words.