A: How is vacation?
B: Wonderful! I'm having the time of my life!
B: Wonderful! We are having the time of our lives!

English Teacher
I know I don't have a context, but I've always wondered whether we should say "our life" or "our lives" and if both are possible, what are the rules to this?
Thanks.
A: How is vacation?
B: Wonderful! I'm having the time of my life!
B: Wonderful! We are having the time of our lives!
I'm not a teacher, but I write for a living. Please don't ask me about 2nd conditionals, but I'm a safe bet for what reads well in (American) English.
Remember - if you don't use correct capitalisation, punctuation and spacing, anything you write will be incorrect.
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