A new survey reveals that people of all ages feel financial insecurity, but are willing to invest in training and education to advance their careers.
Champlain College Online recently commissioned Full Circle Research to survey Millennials (ages 21-37), Gen Xers (38-53) and Baby Boomers (54-72) about how they perceive their financial stability and career trajectory in today’s economic landscape.
The report, “Adult Viewpoints 2019: Economic Security and Advancement in the Workforce,” points out a significant sense of financial instability among respondents.
Forty-eight percent of the 1,004 respondents describe themselves as “somewhat” or “very” financially insecure and 25 percent feel their current jobs are at risk of becoming extinct. Forty percent view themselves as less financially secure than their parents. On the upside, respondents said that they are willing to invest in continued training and education to remain relevant in the job market.
Dr. Laurie Quinn, interim president of Champlain College, said the college has been using surveys to stay informed on the needs and interests of adult learners.
“As a professionally-focused college and one that serves adult learners, really understanding that landscape of investment in higher ed and also career mobility are very important to our students’ success,” said Quinn.
Both the Burlington, Vt. campus and Champlain College Online focus on high-demand professional majors and business programs, such as accounting, computer & digital forensics, data science and game programming. The online offerings includes associate, bachelor’s and master’s degrees as well as undergraduate and graduate certificates. The total undergraduate population of Champlain College is 3,823, and 44 percent of the students are pursuing their degree online.
