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A woman who dates older men is commonly referred to as a "sugar baby" or sometimes as someone who prefers dating "older men" or a "sugar baby" if there is a financial aspect to the relationship.
A woman who dates younger men and is typically older than her partners is often referred to as a cougar. The term "cougar" is often applied to women who are in their 40s or older.
A man who dates older women is often called a "cub" or "boy toy."
Younger women who are attracted to older men are sometimes referred to as "sugar babies" or simply as women who prefer dating older men.
* It's a slang term for a woman 'hunting for younger men ... cat woman stalking her prey', but there is nothing wrong with an older woman dating a younger man as long as he's not a minor. If it's alright for older men to marry young women in their 20's then it's just as right for women. For those who make comments towards you about dating younger men ignore them and just be happy. My own husband is four years younger than myself and we've been happily married for 37 years. Women are strong and they know what they need in their lives if they take time to listen to themselves, so always strive for what you feel will fill the needs you have as long as you are serious and treat the young men you are dating seriously and with respect.
'Cougar' is the common slang term used for an older woman who dates a younger man. The man in the relationship can sometimes be referred to as the 'cub' but the term is not quite as prevalent.