I think that means, as distance increases, the light from the object is older as compared to now, but, younger as compared to the age of the universe.
Nah! The light from the object is increasingly younger (-) from the very instant of emission; its space-time frame will aways be younger (-), as compared to now (t=0) and both the distantly non-local -- unobservable
-- object (t=0) and the local observer (t=0) (quantumly entangled across a flat of space-time you might say). But always older (+) as compared to the age of the universe (infinity base (t=1 (-1))). The originating 'wild' (-) is always titanically more mass-energetically youthful than the universe's 'lawns' (+) continuously being produced of and from it, which is why there will always be the inexorable reversal toward return to it (the 'wild').
A traveler (t=0) will always cross that "distance" in space observably
ascending (+) in time, space-time traveling an observable
road -- as the traveler (t=0) travels -- the object subjectively younger here (-)
to the object objectively older there (+)
The universe horizon (t=1(-1)), the traveler (t=0) will always notice, changes not at all (t=1(-1)), thus his departure point observably
descends (-) in space-time toward it with all the traveler's gain (+) in space-time from it. The traveler (t=0), though having ascended (+) in space-time, in time, to some destination (t=0) that was un-observably
futuristic (+) relative (-) to the traveler (t=0), is then on the younger (-) side of the space-time frame of light now relative to the un-observable
departure point (+) observably
distantly (-) in the recessionary direction of the background horizon of the universe (t=1(-1)).
The light, within its own space-time frame, only grows younger relative to the space-time frame of the emitting object growing older, as distance in space-time increases between the two (the greater grows the difference (motion, curvature, change, chaos. . .), the greater would grow the redshift, so to speak). Both relativity (according to logician-mathematician Kurt Godel, among others) and Quantum Mechanics (according to many) allows certain forms of (space) time travel (space-time progression) in reverse (regression).
It's a multi-dimensional Multiverse Universe.