We often hear about people reaching their 40's experiencing a "mid-life crisis," but apparently people are reaching that phase earlier in life now.

A new study found that 56 percent of millennials (classified as people 25 to 35 years old) in the United Kingdom believe they're facing a "quarter-life crisis." The definition of a "quarter-life crisis" is if someone's facing a situation that's leaving them "stressed, overwhelmed and struggling to cope."

Financial problems were listed as the top reason, with 53 percent of those facing a quarter-life crisis saying they spend more money than they earn each month. And these were millennials living in the United Kingdom, where young people are not burdened with the same amount of student loan debt as in the United States. So perhaps these numbers would be greater in America.

Of course, going through a quarter-life crisis isn't all bad. Millennials going through these problems said they'd discovered more about themselves than those who hadn't gone through a crisis, and more than half of those surveyed said they believed personal difficulties could be catalysts for positive changes.

So maybe these quarter-life crises aren't all bad.

(h/t First Direct)