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This is a well known perception! This from https://www.scientificamerican.com/article/why-does-time-seem-to-speed-up-with-age/ may explain.

Their conclusion is:

"The reason? Our brain encodes new experiences, but not familiar ones, into memory, and our retrospective judgment of time is based on how many new memories we create over a certain period. In other words, the more new memories we build on a weekend getaway, the longer that trip will seem in hindsight."

I think the above is a sound observation.

But I would add another.

Time, as a percentage of one's life to date.

Put another way, at the age of 5, one calendar year is equal to 20% of your entire lifetime up to that point. That would make a year seem relatively lengthy.

That same year, at 50 is only 2% of your life. To reframe it, at 50, it would take 10 years to equal the relative amount of one's life that one year did at the age of 5.

So 10 years would seem as 1.
 
I just discovered this thread, and the memories being awakened are profound. Some of my 1980s fun in this great city:
1. Serving with 7th Toronto Regt at Moss Park Armories;
2. Electronics studies at DeVry on Finch W. at Arrow Rd;
3. Rick Vaive, Borje Salming, John Anderson, Mike Palmateer, Dan Daoust et al when a corner grey in MLG cost 5 bucks;
4. Cooking at McDonald's at Wilson and Dufferin;
5. Those tiny theatres at the Eaton Centre Cineplex;
6. Yonge St at midnight Friday with the sidewalks shoulder to shoulder, and cars bumper to bumper, half of them from Buffalo;
7. The Mug, pleasant little lounge on Bloor W.

Really, I could go on and on. Those were awesome times.
 

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