… how career decisions impact health, longevity and overall happiness.
IMPACT OF BAD JOB FIT ON HEALTH/HAPPINESS
EXCERPT: That job you hate might be driving you crazy, but the side effects can extend far beyond your mental and emotional well-being. Research published in the journal Human Relations found that employees who stayed at organizations either out of obligation or perceived lack of other job options were more likely than other employees to experience physical health problems, including symptoms of exhaustion, stress, and burnout.
EXCERPT: Australian National University researchers have found that, from a mental health perspective, you may be better off being unemployed rather than being in a bad job. Using data from the 20-year Personality and Total Health (PATH) Through Life Project, the team looked at the mental health effects of being in a “bad job” – a job with low security, high stress and little control.
“Our research had two main findings. First, we found that those in poor quality jobs had poorer mental health than those in good quality work. People who were in a bad job were five times more likely to be categorized as depressed and twice as likely to be categorized as anxious than those in good quality work.
PHYSICAL BENEFITS OF WORKING AFTER RETIREMENT
EXCERPT: Working Helps You Stay Physically and Mentally Healthy – Not only can working delay the onset of age-related diseases like dementia, but keeping mentally and physically active helps you feel younger longer. Working also keep you socially active and prevents isolation, and can provide a sense of purpose.
EXCERPT: Working has its health benefits – Another benefit of working into your golden years is that it may have added health benefits. Many recent studies are showing that those who work longer live longer. A 2016 study from the Journal of Epidemiology and Community Health found healthy adults who delayed their retirement for one year past the age of 65 had an 11 percent lower risk of becoming ill. Keeping active both physically and mentally are key components to living a long and healthy life. And, there is some belief that staying active and engaged at work may help fight the natural decline in physical and cognitive functioning that can happen as you age. But, if you aren’t working don’t worry. There is plenty of research that also shows volunteering, finding new hobbies or pursuing one’s interests after retirement is linked to a longer life expectancy.
EXCERPT: Purpose. You need to have a purpose, whether you’re retired or not. Many retirees have a hard time adjusting to an unstructured lifestyle and plunge into depression. Working part time on something you care about will ease the transition and give you a purpose. If you don’t need the money, then volunteering for an organization you care about is also a great option.
EXCERPT: Some 34% of millennials who hold a PhD report being underemployed, compared to 27% for Generation Xers and 25% of boomers, according to a new report by Millennial Branding, a branding and consulting firm, and PayScale, a company that collects data on salaries. Millennial MDs are underemployed at a rate of 30%, versus 22% of Gen Xers and 21% of boomers. Underemployment can mean they are underpaid for their education and training, not using their education and training in their current job and/or are working part-time, but are still seeking full-time work.
Despite (or perhaps because of) this, millennials are also the most educated of all. Some 79% hold at least a bachelor’s degree, compared to 69% of Gen Xers and 62% of boomers.
EXCERPT: The data are actually pretty scary: 44% of college grads in their 20s are stuck in low-wage, dead-end jobs, the highest rate in decades, the and the number of young people making less than $25,000 has also spiked to the highest level since the 1990s.
EXCERPT: An incredible 80% of available jobs don’t get posted.
EXCERPT: More and more millennials – 51% in 2016, compared to 41% in 2013 – report being underemployed according to a survey conducted by Accenture.