A Closer Look

Survey | Older Workers are sticking with their jobs because they “want to”

According to the Older Workers & Money Survey released today by Charles Schwab & Co., Inc., more than three-quarters (76 percent) of middle-income Americans who are between the ages of 50 and 69 say they are sticking with their jobs because they “want to” vs. being “stuck” in them because they can’t leave. Moreover, one in four workers in this age group (27 percent) say this is the happiest time of their working career, and another one in ten (11 percent) believe the best is yet to come. They generally start their workdays in a positive frame of mind, feeling engaged, respected, valued and happy. Women are even more likely than men to stay with their jobs because they like what they do (63 percent vs. 56 percent).

”Working is clearly about more than the money,” said Carrie Schwab-Pomerantz, senior vice president of Schwab Community Services. “Being in this age group myself, I can say from my own vantage point that the older segment of the workforce has a wealth of experience, perspective, talent and energy to offer their employers, and it’s great to get that validation from our survey. The majority of older workers are very engaged and productive in their jobs, and employers should be pleased to see that they’re happy in them, too.”

The majority of workers ages 50-69 say they like what they’re doing (59 percent) and the people they work with (49 percent). More than two-thirds (67 percent) consider themselves ahead of the game when it comes to job skills and report being “intellectually stimulated,” “still learning” and “working to [their] full potential” at their jobs.

via Charles Schwab’s Older Workers & Money Survey Reveals Surprising Findings About Job Sentiment Among Americans in Their 50s and 60s | Charles Schwab Online Newsroom.

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