Survey shows life regrets can shape later years

USA TODAY: …”The No. 1 thing people are looking for today is really peace of mind,” says financial adviser Susan Acker of Merrill Lynch in Pittsford, N.Y. “The goal of saving more money is to reach peace of mind.”

Carsten Wrosch, a psychology professor at Concordia University in Montreal who has been collecting life regret data since 2003 among those ages 20-40 and 60-plus, has found that life regrets center around work, education and relationships. But what’s really surprising, he says, is that most regrets were from decades past, often occurring when people were in their 30s and 40s.

“We often hear one of the biggest regrets they have is that they weren’t closer with their family,” says Donna Butts, executive director of the Washington, D.C.-based non-profit Generations United, but now “we’re seeing that change as the generations change.”… (more)

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