During middle age, people do become aware of the gap between being young and being old, the shrinking time left in their lives, and their role in contributing to the next generation. Santrock refers to this as:

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Santrock refers to the awareness of the gap between youth and old age, the shrinking time left in life, and the role in contributing to the next generation during middle age as "midlife consciousness."

During Middle Age, People Do Become Aware of the Gap