“IT’S a Baby Boomer’s nightmare. One moment you’re 40-ish and moving up, the next you’re 50-plus and suddenly, shockingly, moving out — jobless in a tough economy.”
Morkers 55 to 64 who thought they’d be retiring soon to live out their dreams find themselves not only unemployed but without other options. Younger workers are happy to do their jobs for much less money.
“Shame on you if you’re not thinking every single year, ‘What’s my next step?’ ” says Pamela Mitchell, a career coach and author. “It’s magical thinking not to do this.” Ms. Mitchell, who has reinvented her career more than once, counsels everyone to be aware of the possibility of being down-sized and to focus on a backup plan.
In the Sunday Business section of The New York Times, Caitlin Kelly shares five older workers’ stories of creating new careers for themselves. Pictured is Clare Novak, a management trainer in Pennsylvania who doubled her income by moving to Pakistan to work as a human resources advisor to nine power companies.