A decline in openness to experience, then, could reflect someone relishing their routine rather than seeking new thrills; a decline in extroversion could indicate that they’re satisfied spending time with the people they already love. That may involve adjusting to what they can’t control, but it doesn’t necessarily mean they’re reacting to a bad life—just a different one.
Faith Hill, The Curious Personality Changes of Older Age
“Psychologists used to follow the same line of thinking: After young adulthood, people tend to settle into themselves, and personality, though not immutable, usually becomes stabler as people age. And that’s true—until a certain point. More recent studies suggest that something unexpected happens to many people as they reach and pass their 60s: Their personality starts changing again.” (Source)
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