The characteristics of the arterial walls change with increasing age: The walls become stiffer, less distensible, and less compliant. At a given arterial pressure, the arteries can hold less blood. Another way to think of the decrease in compliance associated with aging is that in order for an "old artery" to hold the same volume as a "young artery", the pressure in the "old artery" must be higher than the pressure in the "young artery". Indeed, arterial pressures are increased in the elderly due to decreased arterial compliance.
-Physiology 6th edition Linda S. Costanzo (Page 127)