Men and Women in Midlife Crisis: What’s It Gonna Cost You?

Men and Women in Midlife Crisis: What’s It Gonna Cost You?

How likely are you to fall?

• Those who do what they love and fulfill their dreams are less likely to find themselves in a midlife crisis.
• Those who put most of their efforts into caring for others and little effort into their own interests are more likely to come to a midlife crisis.

Stages of midlife crisis:

• Shock
• Denial
• Depression
• Anger
• Acceptance

Men vs. Women In Midlife Crisis

Men

• Average age: 43
• Average length of crisis: 3 – 10 years

• Most common male reasons for a midlife crisis
  • Fear of aging
  • Fear of not fulfilling dreams
  • Fear of loss of attraction
  • Fear of illness
  • Fear of death
• Men tend to focus on lost time

Women

• Average age: 44
• Average length of crisis: 2 – 5 years

• Most common male reasons for a midlife crisis
  • Children are suddenly gone
  • Lifestyle changes enabling opportunities
  • Menopause
  • Biological and psychological changes
  • Questioning having lived up to potential
• Women tend to focus on self-exploration

You may be experiencing a midlife crisis if…

• You’re unusually fixated on your health
• You suddenly want to reshape your body image (especially through plastic surgery)
• You want to do things to feel young (clubbing, connecting with high school friends)
• You suddenly feel you must live each moment 100%
• You find yourself wondering, “Is this as good as it gets?”

Common expenses of the midlife crisis

• Plastic Surgery 
  • Most common procedure for men: Botox
    (increased by 233% between 2000 and 2005)
  • Average Cost: $200-$400 depending on # and price of units
  • Results last 3-4 months
  • Most common procedure for women: Breast Augmentation
  • Average Cost: $3,678

• Sports Car 
  • Most popular sports car of all time
  • Ferrari 250 GTO (1962-1964): Peak price: $15 million
  • Most common procedure for women: Breast Augmentation
  • Average Cost: $3,678

• Divorce 
  • Average cost: $15 – $20 thousand

• Adventure (skydiving, bungee jumping, hang gliding)
  • Average costs for:
  • Skydiving: $250
  • Bungee jumping: $90 – $140
  • Hang gliding: $3,000 – $5,000

• Exercise Equipment

• Cardio
• Treadmill: $900 – $4,000
• Elliptical: $1,500

• Strength

• Dumbbells: $10 – $400
• Total body machine: $1,400
• Complete professional gym package: $77 thousand

Tips for Affording Your Midlife Crisis

• Change your routine without spending big
• Don’t let finances always control your life choices
• Plan ahead: save up for that period of your life
• Take a realistic look at what your choices will cost before you make them

Sources:

• http://www.nhs.uk/Livewell/men4060/Pages/midlifecrisis.aspx
• http://www.telegraph.co.uk/news/newstopics/howaboutthat/10156725/Top-40-signs-of-a-midlife-crisis-revealed.html
• http://www.huffingtonpost.com/2013/12/12/midlife-crisis_n_4419481.html
• http://www.bitrebels.com/lifestyle/10-purchases-that-might-indicate-a-midlife-crisis
• http://www.businessinsider.com/male-plastic-surgery-procedures-2014-2
• http://www.skinacea.com/facials/botox/botox-cost.html
• http://www.forbes.com/pictures/eilj45kljm/no-1-breast-augmentation
• http://www.plasticsurgery.org/cosmetic-procedures/breast-augmentation.html?sub=Breast+augmentation+cost
• http://www.popularmechanics.com/cars/news/fuel-economy/the-100-hottest-cars-of-all-time#slide-100
• http://www.topspeed.com/cars/ferrari/1962-1964-ferrari-250-gto-ar15766.html
• http://www.huffingtonpost.com/galtime/how-much-does-the-average_b_3360433.html
• http://www.northwing.com/glider_prices.aspx