The rub is, time is relative, so even though your personal clock always reads 1 second in your own frame of reference, the clocks of two individual people in two different frame of references can disagree. So, it only really looks like the person in the space station "ages faster", but if both the people in both frames lived 100 years, they would be experience 100 years in their personal reference, but the space station guy might die when the earth guy is like 99.9999(or something, I didn't do the math here) years old.
This is due to gravitation time dilation, and it's not the only type. For instance if I went off on a super space ship at a very high fraction of the speed of light, traveled around the galaxy and returned 10 years later, situation would be reversed from the space station/earth gravitation scenario, and while 10 years may have passed ship time, many hundreds of years(once again, I didn't do the math, it's just more the higher fraction of the speed of light you are going) may have passed on earth. In this case, it is the accelerated frame of reference in which time "slows down" relative to the non-accelerated frame.