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

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