The survey reveals a stark contrast in life satisfaction between older Canadians and those in their 50s, with 95% of those 75 and older reporting overall life satisfaction compared to only 79% of those nearing retirement.
Key markers of happiness, such as financial stability and social connections, show that Canadians over 75 experience greater emotional and financial wellness compared to those in their 50s. This group reports a significant increase in feelings of financial security.
Our findings indicate that as Canadians age, they not only become more financially secure but also cultivate deeper social relationships and a stronger sense of purpose, with older adults more actively engaging in their communities.
The clear divergence in happiness and stability as people move from their 50s into their 70s highlights the importance of understanding how well-being evolves over time and the need for supportive structures for younger populations.
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