Thousands of Over-50s Embrace Second Careers to Pursue New Passions

An increasing number of over-50s are embarking on second careers in completely new fields, redefining traditional career paths and contributing significantly to the UK workforce.

This shift comes at a time when many Generation

Over the past 30 years, 73% of the nation’s employment growth has been driven by workers ages 50 and older. By 2025, a third of the UK workforce is expected to be over 50 years old. Despite this, ageism remains an obstacle, with the Organization for Economic Co-operation and Development (OECD) reporting that only a third of companies would consider hiring someone. They are between 50 and 55 years old.

Research by longevity research center Phoenix Insights reveals that a third of individuals aged 45 to 54 expect to change their careers before retirement. Catherine Foot, Director of Phoenix Insights, commented: “Second and third careers are becoming increasingly popular, with people living longer meaning the average retirement age is rising. For those aged 40 and over, changing careers can be a Transfer, not only helping them find more fulfilling work that makes the most of their skills, but also enabling them to build financial resilience for their later lives.

The upcoming National Older Workers Week highlights the potential economic boost from supporting second and third careers. With more than 3.5 million over-50s currently economically inactive, encouraging career changes in this demographic is key to meeting workforce challenges.

OECD studies suggest that midlife occupational moves are associated with wage growth and an increased likelihood of staying in work into the 60s. Lindsay Simpson, CEO of 55/Refined, a campaign group that advocates for age diversity and inclusion, said: “Second and third careers are becoming a vital part of the work landscape for over-50s, providing an opportunity to reimagine their careers and contribute their wealth of experience. Companies that adopt age-inclusive and reskilling policies will unleash the potential of this experienced and dedicated workforce.

While moving into new jobs may require upskilling – especially in digital competencies – 90% of employees aged 55-65 believe they have transferable skills suitable for new roles or industries. Popular choices for second careers include goal-oriented roles in philanthropy, youth services, and environmental initiatives, where experienced professionals feel they can make a significant impact.

Tracy Horne, executive director at Cambridge Judge Business School, stressed the importance of embracing diverse career paths: “It is important that we recognize the diverse and non-linear paths we can take and the different versions of ourselves we may choose to be.”