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There's a simple reason why time seems to get faster as you get older. The older you get, you have more life to base your sense of time on. This is why 5 years seems like a long time to a 10-year old, but to a 70-year old, it feels like the blink of an eye.
Also, many of us have vivid memories of experiences that "feel like yesterday". Even though time keeps going, those vivid memories still "feel like yesterday" no matter how old we get, which make time seem like it's flying.
And Michael Jackson is still played in public everywhere. Beat It was playing at a kids' sporting event I went to recently. He will not be forgotten for a long, long time. We all know who Elvis is, don't we?
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