Going back to school or retraining mid-career (age 40+) vs continuing in current career
If you act
Midlife retraining or career change at 40+
10%
If you don't
Staying in current career, not retraining
24%
Percentage who later regret each choice. Bars and full ledger render below.
Career
Last reviewed 2026-05-30
Evidence quality 4.13/5
Eight-dimension review score against the
quality rubric
. Each dimension scored 1–5.
D1 Source verification
4/5
D2 Source authority & independence
4/5
D3 Regret-rate accuracy
3/5
D4 Source comparability
3/5
D5 Gilovich pattern
5/5
D6 Prose quality
5/5
D7 Caveat completeness
4/5
D8 Sample quality
5/5
Average4.13/5
Proxy data — no direct regret survey exists for this decision. Rates are derived from satisfaction scores and access-barrier data rather than questions that directly asked about regret. See caveats below.
Action regret
Midlife retraining or career change at 40+
10%
no direct regret survey; proxy only — this is a post-transition dissatisfaction rate, NOT regret about the decision: in the AIER survey, among older workers who were able to make a career change, 90% reported the move was successful, so ~10% did not. It is survivor-biased (workers who attempted to retrain and never landed a new role are not counted) and the survey never asked a 'would you do it again' item
US workers age 47+ who changed careers, AIER survey
retrospective, surveyed 2014
Inaction regret
Staying in current career, not retraining
24%
no direct regret survey; proxy only — this is a forward-looking job-change intention rate, NOT regret about having stayed put: ~24% of US workers age 50+ said they plan to make a job change in 2025 (up from 14% in 2024). The top stated reason was 'making more money', so much of it is opportunity/aspiration rather than retrospective regret about not retraining, and it misses dissatisfied stayers who cannot act
US workers age 50+ still employed, AARP 2024 wave
surveyed October-November 2024, plans for 2025
% who regret this choice
Midlife retraining or career change at 40+Staying in current career, not retraining
10%24%
inaction dominates — Inaction dominates — most regret not acting.
Related decisions
Semantically similar decisions — same territory, different trade-offs.
The cleanest direct measure of late-career retraining outcomes comes from an American Institute for Economic Research survey of US adults age 47 and older who had attempted a career change. In that survey, 82% of older workers who wanted to change careers were able to make the move, and among those movers, 90% reported that the change was successful — leaving roughly 10% who did not, the action-side regret proxy. (The 82% is a transition/placement rate, not a satisfaction rate.) The Center for Retirement Research’s summary of that survey documents a striking stress reduction: respondents reporting work-related stress dropped from 65% before the change to 36% after, and 72% agreed with the statement “I feel like a new person.” Recent AARP Public Policy Institute data (n=2,249, fielded mid-2023) shows that 34% of adults age 50+ participated in job-related skills training in the past two years, and 60% report willingness to retrain if asked — a population scale that makes midlife retraining a common rather than exotic decision.
On the inaction side, an AARP survey of 3,580 US adults age 50+ fielded in late 2024 found that 24% are planning a job change in 2025, a 10-percentage-point jump from 14% in 2024. The figure is used here as a latent-dissatisfaction proxy: workers still in their current role who actively want out are signalling near-term regret about the stay-put choice. The Center for Retirement Research’s documentation of the stress and identity gap between changers and stayers supports the directional reading. Both sides are constructed proxies, and the entry is published with proxy_only: true — no nationally representative survey directly asks “do you regret retraining at 40+” or “do you regret not retraining.”
The inaction-dominates pattern (regret_delta -0.14) is consistent with Gilovich and Medvec’s general finding that long-term regret tends to skew toward inactions, and here the gap sits in the range of the typical 10-15 percentage point inaction premium — but that comparison is fragile, because midlife retraining carries real action-side costs that the proxies understate: tuition, foregone earnings during retraining, age-discrimination headwinds in hiring (74% of AARP respondents cited age as a barrier), and uncertainty about whether new credentials will pay off in a remaining career horizon of 15-20 years. The expected-value math is highly sensitive to retraining type. Short certifications and bootcamps in tech and healthcare show fast placement and wage recovery; a second bachelor’s or master’s at 45+ may take a decade to pay back. Above age 60, the picture shifts again — shorter horizons and stronger age-discrimination compress the payoff window further, narrowing the action-side advantage that drives the modest inaction-dominates pattern at 40-50.
Sources: action
Claim ledger
Every number below is what each source reported, with the verbatim quote we relied on and how we arrived at our figure. Click any link to verify directly.
1/3 sources independently verified verbatim against the cited source
[1]Center for Retirement Research at Boston College (Squared Away Blog) — Late-Career Job Changes Reduce Stress
Reference source
Among late-career changers age 47+, the majority felt their results were successful; work-related stress dropped from 65% before the change to 36% after, and 72% agreed with the statement 'I feel like a new person'
Excerpt
“"'I feel like a new person' -- 72 percent of job changers agreed with this statement, while 65 percent said their stress levels fell, according to the AIER. For example, managers often take non-management positions, which could partly explain why the share of people who said they felt stressed about their work dropped by almost half after a late-career change, from 65 percent to 36 percent. The majority of those who did so felt their results were successful."
”
Source data from
2015-04-23
Accessed
2026-05-30
Calculation
Center for Retirement Research at Boston College (Squared Away Blog) summary of the American Institute for Economic Research (AIER) "New Careers for Older Workers" survey of US adults age 47+ who attempted a career change. This CRR page confirms the directional benefits (stress dropped 65% -> 36%, 72% "feel like a new person", "the majority ... felt their results were successful") but does NOT state a specific satisfaction percentage. The action-side regret proxy (~10%) is grounded in the underlying AIER figure as reported by CBS News/AIER (90% of those who moved reported the move was successful), not in this CRR page. Survivor bias is plausible -- those who attempted a transition and failed to land a new role may not be captured, and the survey did not ask a binary "would you do this again" item.
[2]CBS News MoneyWatch — Good news for older workers seeking new careers
Verified
News article
Per the AIER 'New Careers for Older Workers' survey, 82% of older workers who wanted to change careers were able to make the move, and of those movers, 90% reported that it was successful
Excerpt
“"The AIER survey reports that 82 percent of older workers who wanted to change careers were able to make the move, and of these workers, an overwhelming majority (90 percent) report that it was successful."
”
Source data from
2015-04-27
Accessed
2026-07-09
Verification
Excerpt independently re-fetched and confirmed word-for-word against the cited source during our grounding audit.
Calculation
CBS News MoneyWatch report (Steve Vernon) on the American Institute for Economic Research (AIER) "New Careers for Older Workers" survey. This is the source that grounds the action-side regret proxy: 82% is a TRANSITION/placement rate (share who wanted to change and were able to make the move), NOT a satisfaction rate; among the movers, 90% reported the move was successful, so ~10% did not -- the action-side dissatisfaction proxy (regret_rate = 0.10). An earlier version of this entry wrongly inverted the 82% move-rate to an 18% "not pleased" figure; that conflated the placement rate with satisfaction and is corrected here.
[3]AARP Public Policy Institute — Job Reskilling and Upskilling Among the 50-Plus
Reference source
34% of adults age 50+ participated in job-related skills training or education in the past two years; 60% said they were willing to learn new skills if requested by an employer; 64% reported NOT participating in any job-related training
Excerpt
“"Approximately one-third (34 percent) of adults age 50 and older participated in job-related skills training or education in the past two years; two in three (64 percent) did not participate. Computer or other technology training rose to the top of future training interests at 48 percent, and online or virtual learning was the dominant preferred delivery format at 77 percent. Among respondents, 60 percent indicated willingness to learn new skills if requested by their current or potential employer."
”
Source data from
2023-09-01
Accessed
2026-05-30
Calculation
AARP Public Policy Institute Wave 3 survey, fielded June-July 2023 through NORC at the University of Chicago Foresight 50+ Omnibus panel, n=2,249 US adults age 50+. Used to establish the baseline participation rate in retraining among the 50+ population. The survey does not directly measure regret or satisfaction with retraining outcomes; it is used as a corroborating context for the AIER satisfaction figures and to document the scale of midlife retraining activity.
Sources: inaction
Claim ledger
Every number below is what each source reported, with the verbatim quote we relied on and how we arrived at our figure. Click any link to verify directly.
[1]AARP — New AARP Survey Shows Sharp Increase in the Number of Older Americans Seeking a Job Change
Reference source
24% of US workers age 50+ are planning a job change in 2025, up from 14% in 2024; 16% plan to start their own business, up from 9%; 74% believe age will be a barrier
Excerpt
“"Twenty-four percent of older workers are planning to make a job change this year, a sharp increase over the 14 percent who said the same a year earlier. Of those planning a change, 40 percent said they plan to get a new job, while 16 percent said they plan to start their own business — an increase over the 9 percent who said the same last year. Seventy-four percent of older adults believe their age will be a barrier to getting hired, and 34 percent are worried that AI could impact their job security. Making more money was the top reason cited for wanting a change, followed by wanting to make a difference and wanting flexible work options."
”
Source data from
2025-01-16
Accessed
2026-05-30
Calculation
AARP survey of 3,580 US adults age 50+ fielded October 17 - November 5, 2024, conducted by AARP Research. The 24% "planning a job change" figure is used as a latent-inaction-regret proxy: it captures the share of older workers still in their current role who actively want out, which is a near-term behavioural indicator of dissatisfaction with the stay-put choice. This is NOT a direct regret survey; some of the 24% are seeking change for opportunity rather than regret, and the figure does not capture older workers who are dissatisfied but unable to act. The 10-point year-over-year jump (14% to 24%) reflects post- pandemic labour-market repositioning and rising real wages in tight labour markets, not purely accumulated career regret.
[2]Center for Retirement Research at Boston College — Late-Career Job Changes Reduce Stress
Reference source
Among career-changers age 47+, work-related stress dropped from 65% before the change to 36% after; 72% said 'I feel like a new person' — implying the comparison group of stayers retained higher stress and unchanged identity
Excerpt
“"The share of late-career job changers reporting work-related stress dropped by almost half after the change, from 65 percent before the change to 36 percent after. Seventy-two percent of career changers agreed with the statement 'I feel like a new person.' The Center for Retirement Research has separately documented that older workers who remain in physically demanding or high-stress roles face elevated risk of stress-related health decline and earlier exit from the labour force."
”
Source data from
2015-04-23
Accessed
2026-05-30
Calculation
Used as corroborating evidence that the stay-put population retains the stress levels and identity stagnation that career- changers shed -- a proxy for the affective component of inaction regret among workers who would have benefited from a midlife change but did not pursue one. The 24% AARP inaction-regret estimate is consistent with the implied size of the stay-put group that actively wants to leave but has not done so.
Caveats
Neither side has a direct national regret-framed survey -- both rates are constructed proxies, hence proxy_only: true. The 10% action-side rate is the inverse of the AIER figure that 90% of older workers who made a career move reported it was successful (as reported by CBS News/AIER for the "New Careers for Older Workers" survey of workers age 47+); the related 82% figure is a placement/transition rate (the share who wanted to change and were able to move), not a satisfaction rate, so it is not inverted into the regret proxy. This is the cleanest available measure but dated and likely subject to survivor bias (workers who attempted retraining and failed to land a new role are underrepresented). The 24% inaction-side rate is a forward-looking AARP measure -- workers age 50+ who plan a 2025 job change -- used as a latent-dissatisfaction signal rather than a retrospective regret measure. Some share of those 24% are motivated by opportunity rather than regret. The 10-point year-over-year jump from 14% to 24% reflects post-pandemic labour repositioning and a particularly tight 2024 labour market, and may not be a stable baseline. Outcomes are heavily moderated by the type of retraining: short certifications and bootcamps in tech and healthcare show high placement rates and rapid wage recovery; full degree programmes taken at 40+ show much slower payback and may produce action regret driven by opportunity cost. The pattern shifts again at 60+, when age discrimination concerns (74% of AARP respondents cited age as a barrier) and shorter remaining career horizons compress the payoff window. This entry is distinct from change-career-vs-stay (general career-change question across all ages) by being scoped specifically to formal retraining attempts at 40+, where the time and tuition costs and the age-discrimination headwind are both larger.
