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Francene--Blog. Year 2014

How economics effect wellbeing as we age.

11/8/2014

7 Comments

 
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Happiness nose dives as you hit middle age, before rising again. However, this is the case only if you live in the affluent West, according to experts.

The the Lancet study used four years of data from the Gallup World Poll in more than 160 countries covering more than 98% of the world's population to make their evaluations. The authors found life satisfaction followed a predictable trajectory depending on where people lived.

In countries such as the UK, Australia and the US, life satisfaction followed the shape of a smile, dipping to a low in midlife.

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In Africa the satisfaction was low throughout, and in Eastern Europe, the former Soviet Union and Latin America happiness declined with age.

A professor from the University College London, along with his colleagues formed part of the study. They said the reasons behind the trends were multiple and complex, but there were some plausible explanations as well as important lessons to be learned.

A growing burden of chronic disease and diminished wellbeing affecting the quality of life of older people in many countries.

Besides physical health and pain, they considered three measures of wellbeing:

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evaluative - how satisfied people were with their lives


hedonic - feelings or moods such as happiness, sadness and anger


eudemonic - judgements about the meaning and purpose of life


In Western world nations, life satisfaction bottomed out between the ages of 45 and 54 before rising again. Likely due to economics, this is the period at which wage rates typically peak and is the best time to work and earn the most, even at the expense of present quality of life, so as to save for later life.

I did this too. While earning a good wage until I retired at 62, I remodeled my home and saved for the future.

However, in transition countries, such as the former Soviet Union, life satisfaction declined steadily with age, which could be linked to their economical position. Older people in these countries lost a system which gave meaning to their lives, and, in some cases, their pensions and their health care.

In sub-Saharan Africa, satisfaction was very low throughout life, while stress and worry was high.

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We don't know why some people are born to wealth and others to poverty, or why we emerge into a life in one country or another. It seems so unfair that humanity has this divide. Maybe one day we'll all 'live as one'. Maybe religions will stop fighting each other, and wars will no longer be waged, maybe people won't be taken into slavery and low-lives will stop stealing. Perhaps men and women will share equal opportunities all over the world.

In the meantime, we must continue in the circumstances we find ourselves in. According to the study, while money does not equate to happiness, economic progress promotes wellbeing to an extent.

For my husband and I, now in our mid seventies, debt cases constant worry. We can't earn the money to settle our obligations and the future looks dim. On the other hand, we've grown closer and understand each other more. Therefore, we've worked out the meaning of our lives: to love each other.

How about you?


7 Comments
Clare Mansell link
11/7/2014 06:46:47 pm

Oh dear, I'm heading towards middle age! :-) Seriously though, I think my happiness has generally increased with every year I've been alive and I always think about that survey of lottery winners where they all said the things that brought them the greatest happiness were activities like a log walk, an open fire or a lie in!

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Agata Pokutycka link
11/7/2014 06:49:10 pm

Did you know that if you have a £7k you are in top 10% of world richest population?
Isn't this scary?
We looked around our friends and family members, most of them don't have £7k, they have debts and debts and some more debts on top of them.
I think this is all about state of mind.
I know people who are very poor yet happy... on the other hand a lot of my work friends earn very good salaries but actually they don't have the time to enjoy it or anyone to share their successes with.

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Manu Kalia link
11/8/2014 01:50:47 am

I hope Everyone read this and motivate themselves to be happy and contented.

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Joan Harrington link
11/8/2014 02:45:31 am

Hi Francene,

Love this post! Great share :) Middle age is not so bad lol Thanks for sharing :)

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Alana link
11/8/2014 07:03:25 am

I will turn 62 soon, but retirement isn't on my horizon - not yet, anyway. People I know who have retired (voluntarily, that is - not all retirements of those I know were voluntary), with few exceptions, had to go back to work, at least part time. I find it hard to believe that with the health problems of old age, that life satisfaction continues to rise as you age. I don't want to be pessimistic, but I refuse to buy into that.

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elly stornebrink link
11/8/2014 09:45:52 am

Interesting post Francene: your posts give us my points to ponder in life. According to the stats you mention, I should be coming out of the unhappiness cycle and moving into one of happiness: I sure hope so! ;) <3

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Suzy link
11/8/2014 01:20:32 pm

Interesting survey. Couple of weeks ago I wrote a post on taking a spiritual view of inequality I hope you don't mind me posting the link. http://suzysomedaysomewhere.blogspot.co.nz/2014/10/inequality-by-whose-yardstick.html


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    Francene Stanley:
    Author
    I use news items in my fantasy novels.

    Born in Australia, I moved to Britain half way through my long life. If you like my writing, why not consider purchasing one of my books on the sidebar below?
    I blogged 260 days last year. Link.

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