According to new research from Civic Ventures, 31 million people ages 44 to 70 want encore careers combining personal meaning, continued income and social impact, but they have trouble making the financial transition.
Among the 9 million people who are already employed in encore careers, two in three report facing reduced or no income during the transition.
"There's a big payoff from encore careers, for individuals and for our entire society," says Marc Freedman, founder and CEO of Civic Ventures. "But making the switch is hard. Employers, policymakers and all of us in our own lives need to think creatively about how to make the investments in encore transitions that lead to these new, more fulfilling careers."
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