“This need for a longer-lasting income, combined with a weak labor market, has led many older workers to come up with creative strategies to earn,” the AIER report stated. “One such strategy is a later-in-life career change.”
People who attempted a career change sometime after turning 45 were surveyed last year by the American Institute for Economic Research (AIER) in Massachusetts. Whatever the reason for making a change – voluntary or forced – the majority of those who did so felt their results were successful.
The American Institute for Economic Research recently ranked the country’s top college towns for 2014-2015, based on student life, economic health, culture and opportunity. “The people students will meet, the things they do outside of class, and the jobs they may hold are all essential complements to their formal education,” the report states.
AIER president Steve Adams talks about our new study, New Careers for Older Workers, on Money Life.