“He uses "this" as a demonstrative, meaning, Such behavior is responsible for their troubles, and their heedless enjoyment of God's good things inevitably brings down on them God's punishment.… Even when those forebears who were in receipt of riches suffer retribution and just punishment from God, people after them do…”
Theodore of Mopsuestia, 5th c. — COMMENTARY ON PSALMS 49:14A-B
Original
13This their way is their folly: yet their posterity approve their sayings. Selah.
Modern
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In context
11Their inward thought is, that their houses shall continue for ever, and their dwelling places to all generations; they call their lands after their own names.
12Nevertheless man being in honour abideth not: he is like the beasts that perish.
— Psalms 49:13 —
14Like sheep they are laid in the grave; death shall feed on them; and the upright shall have dominion over them in the morning; and their beauty shall consume in the grave from their dwelling.
15But God will redeem my soul from the power of the grave: for he shall receive me. Selah.