TIME.com Daily Rx: New Cure for the Blues: Get Old: "The rest of the findings were more surprising, though. The researchers believe that the reason for greater late-life contentment is not necessarily improved circumstances. Old folks, after all, are often struggling with illness, widowhood or getting by on a pension or a fixed income. Rather, a lifetime of experiences has simply taught them to manage problems with greater aplomb—likely more than they probably expected they'd acquire."
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