Cost of living crisis forcing some older people to stay in work as data shows 61% increase in number of over-70s in employment
British workers are increasingly likely to work into their 70s, according to research released on International Workers’ Day that found the cost of living crisis has left older people with little choice but to stay in employment.
While most of the over-70s workforce is male, the rise has been steeper among women, most likely in response to the gradual equalisation of pension ages between 2010 and 2020. Women were previously able to retire five years earlier. Stuart Lewis, the chief executive of Rest Less, drew a comparison between older workers and King Charles, but acknowledged that most continue working “for very different reasons” to the hereditary monarch.
“Until Covid hit and life expectancy dropped for the first time in a decade, there were more people reaching their state pension age than ever before, which meant there were more experienced people in the workplace than ever before too.”
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