With all the focus in recent commercials on nostalgia to attract Boomers, one would think the road to happiness lies in the past and not the future. Or, I suppose you could conclude that older adults have been waiting for Baby Boomers to get older to show the rest of those in life's third stage how to "reinvent" retirement. as some pop culture consultants claim. Once again, it seems the consultants and Madison Avenue types trapped in yesterday's youth paradigms are wrong...again... or should I say still when it comes to understanding older consumers.
According to a 2006 University of Michigan Study, the belief that younger people are happier, a belief which is shared by the old and young, is just another myth or aging factoid. It would seem that older people "misremember" how happy they were as youths and young people "mis-predict" how happy or unhappy they will be as they age. While the young know older people are unhappy, they don't see themselves as unhappy in later life.
While the older people in the study tended to believe that other older people were unhappy, they reported self-happiness that was significantly higher than the ratings younger people gave themselves. Likewise, the self-reporting by young respondents documented that they perceived that they would be as happy at 70 as they are today; but that others their age would not be as happy and unhappiness would increase with age. The results however would document what Dr. Stephen Covey pointed out in his best selling 7 Habits of Highly Effective People, "No one sees the world as it really is; they only see the world as they are."
According to report co-author, Dr. Peter Ubel, "People often believe that happiness is a matter of circumstance; that if something good happens, they will experience long-lasting happiness, or if something bad happens, they will experience long-term misery, but instead, people's happiness results more from their underlying emotional resources - resources that appear to grow with age. People get better at managing life's ups and downs, and the result is that as they age, they become happier - even though their objective circumstances, such as their health, decline." (www.icaa.cc/Newsletters2006/ICAAResearchReview_6_22.htm)
In other words, with age comes the wisdom of experience.I wonder how many times similar studies will have to be published before the media, Madison Avenue, corporations, the senior living industry, and long term health care providers get it.
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