Fewer responsibilities, financial worries and more time to yourself leads to contentment previously unknown in earlier life.
According to the report from the teenage years until 40 happiness declines. It levels off until 46 and then starts to increase until peaking at 74.
Scientists from Germany and America regularly questioned 21,000 men and women how happy they were with their lives providing a scale from one to seven – seven indicated complete contentment.
Teenagers in their late teens marked themselves at around 5.5 which fell to around 5 by age 40.
At 74 happiness averaged at 5.9.
The report, published in the journal Social Indicators Research, said this could be due to older people being more appreciative.
Just 40 years to go . . .