Finding a job after 50 presents unique challenges for older workers

Finding a job after age 50 can be difficult due to ageism and employer biases. Many companies prefer younger candidates, fearing older workers may be too expensive or overqualified. Research shows older job seekers often face longer unemployment periods. Older workers, especially those over 55, encounter significant barriers, including health concerns and economic factors. A 2015 report indicated that about 25% of older workers retire involuntarily due to job market challenges. This can severely impact their retirement savings. Despite these hurdles, some older workers are successfully pivoting to new careers or starting businesses. Upskilling and showcasing experience can help improve job prospects. Many are finding fulfillment in consultancy or entrepreneurial roles, emphasizing their valuable skills and wisdom.