Researchers from San Diego State University, Florida Atlantic University and University of California, Riverside in US analysed data from four nationally representative samples of 1.3 million Americans ages 13 to 96 taken from 1972 to 2014.
They found that after 2010, the age advantage for happiness found in prior research vanished.
There is no longer a positive correlation between age and happiness among adults, and adults older than 30 are no longer significantly happier than those ages 18 to 29.
Data showed that 38 per cent of adults older than 30 said they were "very happy" in the early 1970s, which shrunk to 32 per cent in the 2010s.
Twenty-eight per cent of adults ages 18 to 29 said they were "very happy" in the early 1970s, versus 30 per cent in the 2010s.
"American culture has increasingly emphasised high expectations and following your dreams - things that feel good when you're young," Twenge said.
"However, the average mature adult has realised that their dreams might not be fulfilled, and less happiness is the inevitable result," Twenge said.
"Mature adults in previous eras might not have expected so much, but expectations are now so high they can't be met," she said.
That drop in happiness occurred for both men and women, said Twenge.
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