Monday, May 18, 2009

Americans grow happier as they age

A new Pew Research Center survey shows the tendency is holding up as the economy tanks. Happiness is a complex thing. Past studies have found that happiness is partly inherited, that Republicans are happier than Democrats and that old men tend to be happier than old women. And even before the economy got nasty, seniors were found to be generally happier than Baby Boomers. Some of that owes to the American Dream being lived by past generations, while Boomers work two jobs and watch the dream wither. In times like this, it's clear how age can have its advantages. While not all seniors are weathering the recession well, for many the impact is much less severe than it is for younger people. Why? Many people 65 and older retired and downsized their lifestyles before the economy imploded, according to Pew analysts. Most aren't raising kids and many are not so worried about being laid off. Loss of income can be, of course, a source of stress and displeasure. (While money doesn't buy happiness, a study in February 2009 showed cash can help, especially when people use it to do stuff instead of buy things.) If you're thinking that Republicans are happy just because they perhaps make more money, that does not seem to be the case. The study that found Republicans to be happier than Democrats also showed that it held true even after adjusting for income.

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