noun
a period of personal turmoil and self-reflection that occurs later in life, similar to a midlife crisis
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Many people experience a late-life crisis as they approach retirement age.
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My dad is going through a late-life crisis and keeps buying sports cars.
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I think my aunt is having a midlife crisis, or maybe it's a late-life crisis.
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The company went through a late-life crisis when they had to downsize and restructure.