A Standard Life report, called 'Age Old Stereotypes' has found that those over 55 are happier than 'youngsters' under 25 who are more likely to be lonely and stressed about money.
According to The Telegraph, the report was based on a survey of over 2,100 adults who were asked to identify which feelings and activities they thought were typical at a certain age.
It found over 55s are most likely to be active in the community, most likely to be travelling abroad and least likely to be lonely.
Those aged 18 to 25 were most likely to be lonely and have financial worries.
They are also least likely to be in a satisfying relationship or to live in a nice home, the research also found.
"We still think of over 55s as being past it, lonely, almost 'retired' from active life, " said Honey Langcaster-James, a psychologist.
"We have to address society's deep rooted ageism and overcome the negativity associated with being older," he added.
"If we can do this, then the benefits to our society and economy will be significant," he said.