This is the fate of the foolish and their followers who endorse their sayings. Selah
The wicked enjoy prosperity while God's people suffer affliction, which tempts the faithful to despair. But the Psalmist means to check their envy and moderate the pride of the ungodly by showing that worldly happiness, however grand it appears, is vain and evanescent, whereas the godly, tried though they be, remain the objects of divine regard and shall be delivered from their enemies.
AI summary
Commenting on Psalm 49:1-20
Their vain confidences are not casual aberrations from the path of wisdom, but their way, their usual and regular course; their whole life is regulated by such principles. Their life path is essential folly. They are fools ingrain. From first to last brutishness is their characteristic, grovelling stupidity the leading trait of their conduct. Yet their posterity approve their sayings.
In these verses we have, I. A description of the spirit and way of worldly people, whose portion is in this life, Psa 17:14. It is taken for granted that they have wealth, and a multitude of riches (Psa 49:6), houses and lands of inheritance, which they call their own, Psa 49:11.
Commenting on Psalm 49:6-14