Tag Archive | "crisis"

Top 10 Midlife Crisis Misconceptions

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The term midlife crisis refers to a specific stage in a person’s life when he/she undergoes significant changes. According to the psychologist that first introduced this term, Daniel Levinson, the crisis is bound to occur in your midst 40s and is accompanied by crucial transformation in your life. However, not all psychologists are convinced that this major life alteration will appear spontaneously and simply because an individual turns 40.

In addition, the critics of the hypothesis claim that the midlife crisis is not a universal phenomenon. Essentially, the reasons why a person can be depressed at that age take on many shapes that do not necessarily have anything to do with this psychological imbalance. With this background in mind, let’s summarize the common myths surrounding the midlife crisis.

 

1. Men develop an irresistible attraction for fast red convertibles

However funny it may sound, the pseudo-fact that all men going through the middle crisis purchase red speedsters comes from the Hollywood classic “American Beauty”. However, if you were to take a peek at the shopping behavior of 40 years old men, you will soon realize that red convertibles are not among their top preferences. In addition, consumer behavior also seems to indicate that even young men prefer less-aggressive colors.

 

2. The crisis begins when both your parents have passed away

Many people assume that the starting point of the midlife crisis is triggered by the passing away of both your parents. On the other hand, psychologists suggest that subconsciously everyone prepares himself for this dramatic moment during adulthood. Furthermore, people learn throughout their lives to have normative expectations regarding that unpredictable and inexorable moment, meaning that they do expect to outlive their parents. Consequentially, these tragic circumstances will not automatically trigger a midlife crisis.

 

3. People with midlife crisis grow tired of manual labor

Granted, trends indicate an increasing number of adults who are enrolling in college classes. However, this behavior has nothing to do with the fact that they are experiencing a midlife crisis and they are tired of manual labor. More plausible explanation of why people in their 40s prefer to return to college include the pursuit of a promotion, getting a better salary or trying to improve their career.

 

4. Decrease of libido and sexual interest

In spite of the common belief, being in your 40s will not necessarily imply you lose all interest towards your spouse and stop having sexual encounters. . In fact, both men and women in this category mention they have an active and satisfactory sex life. The loss of sexual interest as well as the decrease of the libido is associated with other factors, such as stress and work-related exhaustion.

 

5. Midlife crisis demands you have an affair

The belief that all people going through the midlife crisis will seek out an affair entails another misconception introduced by Hollywood. In fact, the romantic movie plots when a midlife crisis male character is not search for “young flesh” can be counted on your fingers. On the other hand, surveys indicate that this not what people over 40 do or desire, as a large percentage prefers the relationship they have built over the years

 



 

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Top 10 Developed Countries Ranked By External Debts (est. 2010)

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External Debt is the money owed by both public and private investors to foreign creditors. Many nations like Greece and the United States are facing a trillion/billion dollar crisis. Bailout plans have been issued by the President of the United States to his country and the European Union and IMF respectively to Greece. Let’s take a look at what the following top 10 Developed Countries racked up in external debt in 2010.

 

1. United States:

External Debt: 13,980,000,000,000 USD

Source: World Factbook

Date: June 30, 2010

Description: The United States has hit a deficit in its spending. On August 2nd, 2011, the United States was at a debt default and would have hit the debt ceiling of $14.3 trillion USD. Obama kept promise and hit a debt deal by August 2nd, 2011 by decreasing spending and by increasing some taxes.

 

2. European Union:

External Debt: 13,720,000,000,000 USD

Source: World Factbook

Date: June 30, 2010

Description: Under the stability and growth pact, European Union serves to make sure that the debt does not hit 60% of GDP. This means that the debt will not equal to 60% of the total income made by the populace both nationally and internationally.

 

3. United Kingdom

External Debt: 8,981,000,000,000 USD

Source: World Factbook

Date: June 30, 2010

Description: Just the government debt was between 37-43% of GDP in 2008. The external debt was 400% of GDP the same year. It has the second biggest external debt of all the countries in the G8. According to International Business Times the external debt in 2010 is 3 times the debt of the average American.

 

4. Germany

External Debt: 4,713,000,000,000 USD

Source: World Factbook

Date: June 30, 2010

Description: A country torn by war and stagnation has had resurgence in the post-cold war era. It rapidly emerged in the world market as a leader in exports. After an unexpected contraction in 2009, Germany is now growing and beginning to eliminate its debt with a 3.9% growth.

 

5. France:

External Debt: 4,698,000,000,000 USD

Source: World Factbook

Date: June 30, 2010

Description: Having the 5th largest debt, France decided to team up with Portugal in July of 2011. Since hitting a high in 2010, the external debt has gone down 6.43% in 2011. France is working hard to pay off its defaults.

 



 

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