Thursday, February 3, 2011

Record number of pensioners still working | CARDI : Centre for Ageing Research and Development in Ireland

By Harry Wallop, Consumer Affairs Editor, The Telegraph - United Kingdom

A record number of people are still working beyond the age or retirement, according to official statistics, which suggested the recession has forced people to work far longer than they used to.

Nearly one in every eight men – or 11.7 per cent – of men aged 65 or over, and 12.3 per cent of women aged 60 or over are still working, according to the Office for National statistics.
These are the highest rates since records began and compare against rates of between 7 or 8 per cent throughout the 1990s.

The figures suggest that thousands of pensioners are going back to work to fund their slim incomes, or that they are not in a financially strong enough position to retire in the first place. Some are also actively choosing to work longer, because of better health and a desire to keep active.

They are the latest data to demonstrate how the recession has changed the face of Britain's workforce, leading to far more part-time workers and older workers, while leaving many more young people out of work.

The ONS figures also showed that the average age of retirement has significantly increased in recent years and hit a new record. The average age for men was 64.7 years during 2010, up from 63 in 1996. Women left the workplace when they were 62.5 years old, on average – a full two years after the official retirement age, and up from 60.6 in 1996.

Full Article
Enhanced by Zemanta

No comments:

Post a Comment