A big theory on why so many of us are going through a Quarter Life Crisis is because of the tough financial times of the modern era.
Over the last 16 years the average household income has increase 11.7% (from £20,169 to £22,524), whilst the Consumer Price Index (CPI – a figure which measures the relative price of consumer goods and services purchased by normal households) has increased 58.9% over the same period of time. This shows the way in which the average standard of living has fallen significantly over the last 16 years, and could possibly be a major reason why so many of us are struggling to cope with the trials and tribulations of modern day life.
All figures have been taken from the ONS.
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