Two-thirds of Britons have lost faith in traditional careers, says study

Britons are undergoing a great rethink of work, wealth careers as confidence in the jobs market and employment prospects wanes, according to new research. Growing numbers of people are questioning whether employment delivers the security and prosperity it once promised, according to a new study. The Business Ownership Index reveals that almost two-thirds (60%) of UK adults believe traditional careers are less secure than they used to be – while only 21% expect to follow a traditional career path with a single employer. Almost a quarter believe the traditional corporate career is effectively dead in the water.

Two-thirds of Britons have lost faith in traditional careers, says study

TL;DR

  • 60% of UK adults believe traditional careers are less secure than before.
  • Only 21% expect to follow a traditional career path with a single employer.
  • 76% believe wage growth has not kept pace with inflation.
  • 54% believe owning a business is the best way to maximize earnings.
  • 54% feel entrepreneurship is not well supported in the UK.
  • Finance, confidence, and awareness are key barriers to entrepreneurship.
  • 35% of UK adults are unaware they can buy an established business.
  • 79% believe skilled trades offer a safer long-term career than office jobs.
  • 72% believe AI will threaten many jobs.