Meaning of the word "that's life" in English

What does "that's life" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

that's life

US /ðæts laɪf/
UK /ðæts laɪf/

Phrase

used to say that disappointments or difficulties are a normal part of life and must be accepted

Example:
I didn't get the job, but that's life, I'll find something else.
It's a shame the concert was canceled, but that's life.