Working Paper 34071 DOI 10.3386/w34071 Issue Date July 2025 Between the early 1990s and 2015 the relationship between mental despair and age was hump-shaped in the United States: it rose to middle-age, then declined later in life. That relationship has now changed: mental despair declines monotonically with age due to a rise in despair among the young. However, the relationship between age and mental despair differs by labor market status. The hump-shape in age still exists for those who are u...