As individuals age, their expectations play a significant role in their life satisfaction. Younger individuals tend to have overly optimistic expectations, leading to perpetual disappointment as reality falls short of their high hopes. On the other hand, older individuals tend to be overly pessimistic, expecting the worst but often experiencing a more positive reality. This dynamic shift in expectations explains the decline in life satisfaction in midlife and the eventual rise in satisfaction in the later years. The drive fueled by social comparisons and ambition in youth can become a source of discontentment in middle age. Additionally, social isolation and the loss of connectivity with others can contribute to decreased satisfaction in the 40s and 50s. Managing and recalibrating expectations over time is essential for maintaining life satisfaction and navigating the complexities of aging.
Mihir, Felix and NYU’s Dolly Chugh discuss the pressure on business leaders to conform to the demands of woke capitalism. Should you give in? Push back? What are the risks and rewards? Also: Feeling low lately? Chances are you are just getting older. We speculate why most people go through some sort of midlife crisis and talk about ways to better cope with life’s seemingly inevitable ups and downs. (Originally aired Nov. 2, 2022)