Who Are More Emotionally Balanced and Better Able to Solve Highly Emotional Problems?

"Our findings suggest that it doesn't matter when you were born," Carstensen said. "In general, people get happier as they get older."

Over the years, the older subjects reported having fewer negative emotions and more positive ones compared with their younger days. But even with the good outweighing the bad, older people were inclined to report a mix of positive and negative emotions more often than younger test subjects.

"As people get older, they're more aware of mortality," Carstensen said. "So when they see or experience moments of wonderful things, that often comes with the realization that life is fragile and will come to an end. But that's a good thing. It's a signal of strong emotional health and balance."

Carstensen (who is 56 and says she's happier now than she was a few decades ago) attributes the change in older people to her theory of "socio-emotional selectivity" – a scientific way of saying that people invest in what's most important to them when time is limited.

While teenagers and young adults experience more frustration, anxiety and disappointment over things like test scores, career goals and finding a soul mate, older people typically have made their peace with life's accomplishments and failures. In other words, they have less ambiguity to stress about.

"This all suggests that as our society is aging, we will have a greater resource," Carstensen said. "If people become more even-keeled as they age, older societies could be wiser and kinder societies."

So what, then, do we make of the "grumpy old man" stereotype?

"Most of the grumpy old men out there are grumpy young men who grew old," Carstensen said. "Aging isn't going to turn someone grumpy into someone who's happy-go-lucky. But most people will gradually feel better as they grow older."

By Adam Gorlick

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Who Are More Emotionally Balanced and Better Able to Solve Highly Emotional Problems?

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