Final answer:
Erikson's final stage, integrity versus despair, involves reflecting on life achievements and failures, leading to feelings of satisfaction or regret.
Step-by-step explanation:
Erik Erikson's final stage of psychosocial development is known as integrity versus despair. In this period, which extends from the mid-60s to the end of life, an individual experiences a sense of reflection that precipitates the final life crisis—evaluating their accomplishments and failures. People in late adulthood reflect on their life and may feel a sense of satisfaction, leading to integrity, if they are proud of their accomplishments. Those who do not successfully navigate this stage may feel that their life has been wasted and face the end of their lives with feelings of bitterness, depression, and despair. This stage is the culmination of a lifetime of psychosocial development and offers a powerful opportunity for personal growth, as well as the potential for significant challenges.