Am I having a MLC (mid life crisis)?

As we navigate through life, we go through crisises of varying nature but as we get older we hear people mentioning that they are going through a MLC as in a mid-life-crisis?

What does that mean ?

How do we know that we have reached our mid-life ?

Is there a possibility that we are at a different point in our life  and our crisis is more of a QLC (Quarter life crisis) ?

Does the usage of the term MLC mean that we are starting to give up and lose hope ?

I am not sure as I do not have a definite answer to the question, yet as I am not sure if there is such a thing as a MLC ?

I will post more on MLC as my awareness increases.

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