I don't know. I was diagnosed with depression with psychotic symptoms - but I am in my low 20s. Are you on medications? Did you switch meds in the last few months? I get the feeling that my "psychotic symptoms" were different from yours but dealing with this type of thing can be really scary. If it makes you feel better, I think you can get better from this and the best thing you can do is talk to your doctor.
What kind of delusions are you dealing with?