Six in 10 millennials in quarterlife crisis
Financial difficulties, employment and rocky relationships are all to blame
Six in 10 millennials claim to be going through a “quarter-life” crisis, according to a new study.
Many of us are familiar with the trope of a mid-life crisis – a person in middle age who is feeling stuck in a rut, and who reacts by indulging in erratic behaviour like making spontaneous career decisions or buying a motorbike.
But now it seems more and more of us are evaluating our existence far earlier as a new study reveals more than half of millennials are experiencing a “quarter-life crisis.”
The study, carried out by First Direct bank and psychologist Dr Oliver Robinson, aimed to look at how people can use a crisis as a spark for change, but in the process discovered a huge number of 25 to 35-year-olds are struggling to cope amid financial, career and personal pressures.
Analysing 2,000 Brits, the study found that financial difficulties were the biggest single cause, with more than half (53 per cent) of people going through a quarter-life crisis admitting they spend more than they earn each month.
Other pressures include trying to find the right job (26 per cent) or working in a challenging job (24 per cent), trying to get on the property ladder (22 per cent), and being in the right relationship (25 per cent).
The data also revealed that the average millennial claims to have been feeling at rock bottom for more than six months before trying to “sort their life out.”
But according to Dr Robinson, it’s not all doom and gloom.
“There's two sides to a quarter-life crisis,” he said.
“They're often feared as periods of difficulty and distress, but in my experience they can also be times of openness, curiosity and growth.
“People may find old habits and coping mechanisms no longer help in the way they used to, and this can act as a spur to explore new ideas, new activities and new ways of overcoming life's challenges.”Read More...