Do you get happier as you get older?

When I was younger i would constantly ask people around me. Are you happier as you grow older?  A lot of people thought back about their younger days with fondness. The carefree time of school and college where you could do anything you wanted.

I guess something magical happens as you grow older. You know what you want  and if you are committed to creating a life you want, you can keep doing trial and error .

When we are younger one thing we lack is confidence and self esteem and the more we have that the happier we become