Everyone always tells us millennials to enjoy our 20s while we can because they don’t last long and they are supposedly the best years of our lives. However, apparently, this information is completely wrong. According to a new study, contrary to popular belief, your 20s may not be the happiest times of your life as millennials are not the happiest age group in Canada. Instead, Canadians are officially the happiest at 55. Here’s why. 

A new national study has suggested that Canadians are actually happiest at the age of 55 than any other age. The Happiness Index by Leger, asked a wide variety of age groups from across Canada to rate their level of happiness on a scale of one to 10. Along with this, respondents were also asked to note which factors they believed to influence their happiness the most. 

The survey found that about half of the respondents ranked their happiness level as at least an eight out of 10 – which is great with all things considered.  

For participants between the ages of 18 and 54, happiness comes in at around 44%. But when it comes to 55-year-old Canadians, scores spiked to a staggering 61%. 

The factors that Canadians deem as most important when deciding happiness was a sense of freedom and belief that they were living the life they had imaged for themselves.

While one may believe money was an influencing factor, only about eight per cent said the state of their finances were a key driving force to happiness. This was on par with satisfaction with romantic relationships. 

While money was not the main driving force behind happiness, it does indeed play a part. According to the study, about 44 per cent of those who are making $40,000 or less in a year reported a high level of happiness.

Unsurprisingly, the number rose by 53 per cent for those who earn $80,000 a year, and another 58 per cent for those lucky enough to have an even higher annual income. 

The study also revealed what types of things people worry about that makes them unhappy. Between five and seven per cent reported that recognition from peers and family, health, and worries about the future lead to more unhappiness.

The survey also noted that people living in the East Coast and Quebec reported a high level of happiness coming in at 56% and 55% respectively. Whereas around 52% of BC residents feel happy. Ontario came in at the bottom of the list with only 47% reporting having a high level of happiness. 

Dave Scholz, Leger’s president of communications, stated that people at the age of 55 are the happiest because they are exactly where they want to be in life – which is retired. 

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