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Although our satisfaction with life increases steadily as we grow older, people who experienced financial hardship at a young age were found to be less happy at each point in their life than those born in other generations.
The Great Depression in America, for example, was found to have a "devastating, lasting" effect on those who lived through it which was still noticeable later in life, even during years of prosperity. Under 35s are increasingly struggling to get jobs or a foot on the housing ladder.
...researchers from Florida State University examined data collected by previous studies on thousands of young, middle-aged and older people, including more than 10,000 reports on their health and well-being.
They found that each of the three age groups grew steadily happier during their lives but that older people, particular those who lived through the Great Depression, started off with much lower happiness levels than those born in later years.
Although their life satisfaction increased as the years passed, it never recovered to the same level as those who had never experienced the same hardship
The Telegraph
Originally posted by SilentKoala
My first thoughts are how can they claim to know the cause is economic depression?
We have so many more material things than our parents ever did.
Originally posted by DontTreadOnMe
Seems to me a bigger reason for unhappiness is lack of family, or community.....of something to believe in....
Originally posted by DontTreadOnMe
And, sorry, home ownership is neither a right nor a means to happiness.
Originally posted by DontTreadOnMe
Seems to me a bigger reason for unhappiness is lack of family, or community.....of something to believe in....
Originally posted by ollncasino
Someone owns the home you live in. Being retired, yet still paying rent out of a pension is a cash outflow that many retired people would prefer to avoid by buying when they are younger.
Originally posted by PatrickGarrow17
Any increase in stress is related more to the internet age than societal environment. Marketing plays to the negative and there is a high awareness in the problems of many institutions.
Sure, the economy may have been harmful to happiness, but was the Cold War not?
Every generation has had it's crisis, every generation has many who get seeded with sadness in childhood- also, anger. It is these traumatic childhoods that fuel the ongoing dysfunction of societies at large.