The psychology study found that 81% of surveyed millennials reported they can't afford a midlife crisis, marking a shift in how this generation copes with life transitions.
Steven Floyd observes that today's millennials experience a 'crisis of purpose and engagement,' leading them to question their satisfaction and purpose in life despite having achieved success.
Mason Farmani highlights that millennials earn 20% less than baby boomers at the same age and face burdens of student loan debt and high living costs, affecting their financial stability.
While midlife crises of previous generations involved lavish spending, millennials grapple with economic pressures that hinder their ability to engage in personal transformations.
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