Tuesday, May 29, 2012

Get Older, Get Happier

Getting older is certainly a hard thing to live through, but there are some things that just get better with age. According to a new survey from Gallup, one of them is apparently our financial satisfaction. People aged 75 and over are the ones most likely to say they feel good about their financial situation. Of those 75 and older, 86 percent of those surveyed said they were satisfied with their standard of living, and 72 percent said they felt good about the amount of money they have.

For the group nearing retirement, it's a much different story. Of those aged 50 to 64, just 50 percent said they felt good about the money they have. Just 32 percent of that age group said they had more than enough money to do what they wanted to do.

There is one area in which the older cohort expressed concern: Only 23 percent of them said their standard of living was getting better. That contrasts with 39 percent of those in the 50 to 64 age group, and a whopping 66 percent in the 18 to 49 group who said things were getting better.

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