Prior research consistently has found that older adults, despite low incomes, are more financially satisfied than younger adults. This "satisfaction paradox" is typically attributed to elders' supposed psychological accommodation to poor financial circumstances. We advance a different explanation, one that focuses on substantial age…

The study explores and distinguishes links between parental status (childless persons, parents with residential children, and empty nest parents) and a range of psychological well-being outcomes in midlife and old age. Data are from the first wave of the Norwegian Life Course, Ageing and Generation (NorLAG) study (n = 5,189). We separate outcomes…