Record number of older workers

Workers over 50 make up nearly a third of the workforce

Workers over 50 make up nearly a third of the workforce

First published in National News © by

A record number of older workers are in employment after a big increase in recent years, according to "striking" new figures.

The Government said almost nine million people over the age of 50 are now in work, almost a third of the workforce and a rise of 8.5% since 1992.

Around 1.1 million are aged 65 or over, twice as many as in 1992.

Pensions Minister Steve Webb said: "These striking figures show that employers clearly see the positive value in employing older staff. Retaining older workers benefits the whole firm, including younger workers who can learn from the experience and skills of their older colleagues.

"Since retirement at 65 was introduced almost a century ago, there has been a massive increase in life expectancy, and we have abolished the default retirement age so that people can retire when the time is right for them.

"We want to build a stronger economy, and older workers have a vital contribution to make to our long-term prosperity and the sustainability of our pension system, as well as their own financial and social well-being."

Send us your news, pictures and videos

Most read stories

Local Info

Enter your postcode, town or place name

About cookies

We want you to enjoy your visit to our website. That's why we use cookies to enhance your experience. By staying on our website you agree to our use of cookies. Find out more about the cookies we use.

I agree