Most older workers who seek career changes are successful, especially when they were able to use their skills from their old careers, according to a new survey released today by the American Institute for Economic Research.
AIER research shows that pursuing a new career is a viable option for workers later in their careers. Eighty-two percent of survey respondents reported making a successful transition to a new career after age 45.
A successful career change does not come without some challenges. Some respondents reported that they initially took pay cuts. However, successful career changers reported that after a period of hard work and persistence, they worked their way up the income ladder.
The study offers valuable lessons for older workers, employers and higher education leaders. Whether the decision is voluntary or forced on them, older workers can and do shift their career paths. The vast majority is successful in making the change and most find that it that it helps them achieve their financial goals and personal goals.
To download the study, click here.