What is a mid-life crisis?

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Why do people often have a ‘mid-life crisis,’ and is it just a fancy way of saying they’ve hit a point where they finally realize they’ve been doing everything wrong?

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It’s the point in life when one realizes they are far enough down the adulthood path to no longer be able to realistically entertain certain key aspirations for oneself. It’s a recognition that one is not as young and full of promise as they used to be.

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