Friendship is a relationship of mutual affection between people. Friendship is a stronger form of interpersonal bond than an association. Although there are many forms of friendship, some of which may vary from place to place, certain characteristics are present in many types of such bonds. Such characteristics include affection; kindness, love, virtue, sympathy, empathy, honesty, altruism, loyalty, generosity, forgiveness, mutual understanding and compassion, enjoyment of each other's company, trust, and the ability to be oneself, express one's feelings to others, and make mistakes without fear of judgment from the friend. Friendship is an essential aspect of relationship building skills.

Childhood
The understanding of friendship in children tends to be more heavily focused on areas such as common activities, physical proximity, and shared expectations. These friendships provide opportunity for playing and practicing self-regulation. Most children tend to describe friendship in terms of things like sharing, and children are more likely to share with someone they consider to be a friend. As children mature, they become less individualized and are more aware of others. They gain the ability to empathize with their friends, and enjoy playing in groups. They also experience peer rejection as they move through the middle childhood years. Establishing good friendships at a young age helps a child to be better acclimated in society later on in their life.
Adolescence
In adolescence, friendships become "more giving, sharing, frank, supportive, and spontaneous." Adolescents tend to seek out peers who can provide such qualities in a reciprocal relationship, and to avoid peers whose problematic behavior suggest they may not be able to satisfy these needs. Relationships begin to maintain a focus on shared values, loyalty, and common interests, rather than physical concerns like proximity and access to play things that more characterize childhood.
A study performed at the University of Texas at Austin examined over 9,000 American adolescents to determine how their engagement in problematic behavior (such as stealing, fighting, and truancy) was related to their friendships. Findings indicated that adolescents were less likely to engage in problem behavior when their friends did well in school, participated in school activities, avoided drinking, and had good mental health. The opposite was found regarding adolescents who did engage in problematic behavior. Whether adolescents were influenced by their friends to engage in problem behavior depended on how much they were exposed to those friends, and whether they and their friendship groups "fit in" at school.
A study by researchers from Purdue University found that friendships formed during post-secondary education last longer than friendships formed earlier.
Adulthood
Freundschaft zwischen Jonathan und David by Julius Schnorr von Karolsfeld (1860), which translates in English as Friendship between Jonathan and David
Friendship in adulthood provides companionship, affection, as well as emotional support, and contributes positively to mental well-being and improved physical health.
Adults may find it particularly difficult to maintain meaningful friendships in the workplace. "The workplace can crackle with competition, so people learn to hide vulnerabilities and quirks from colleagues. Work friendships often take on a transactional feel; it is difficult to say where networking ends and real friendship begins."Most adults value the financial security of their jobs more than friendship with coworkers.
The majority of adults have an average of two close friends. Numerous studies with adults suggest that friendships and other supportive relationships do enhance self-esteem
Older adults
Older adults continue to report high levels of personal satisfaction in their friendships as they age, and even as the overall number of friends tends to decline. This satisfaction is associated with an increased ability to accomplish activities of daily living, as well as a reduced decline in cognitive abilities, decreased instances of hospitalization, and better outcomes related to rehabilitation. The overall number of reported friends in later life may be mediated by increased lucidity, better speech and vision, and marital status.
As family responsibilities and vocational pressures lessen, friendships become more important. Among the elderly, friendships can provide links to the larger community, serve as a protective factor against depression and loneliness, and compensate for potential losses in social support previously given by family members.[23]:32–33 Especially for people who cannot go out as often, interactions with friends allow for continued societal interaction. Additionally, older adults in declining health who remain in contact with friends show improved psychological well-being.
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