Middle aged professionals are more likely to be overqualified for their jobs than millenials amid the rise of midlife crisis career swaps, new statistics reveal.
Data published today by the Office for National Statistics (ONS) found that a record number of 35-49-year-olds were overqualified for their jobs, with 18.9% of this age group are now considered to be “overeducated” for their current jobs.
It marks the highest number of people aged in their 30s and 40s to be “overeducated” since the ONS began recording such data in 2006. The statistics organisation defined overeducated as having “more education than required for their job”.
Recruitment experts and sociologists said the figures were as a result of the increasing trend for this age-group to “challenge themselves in a different career sector” as well as the rising pressure for students to enroll at universities.
In 2016, the number of overeducated people for those aged 35-49 was 18.4%, in 2015 it was 16.8%, in 2014 it was 16.5% and in 2013 it was 15.6%. However in contrast, Generation Z and Millenials fared much better than those in their 30s and 40s. In 2017 10.9% of those aged 16-24 and 18.6% of 25-34-year-olds were considered “overeducated”.