General Article Pensioners in work doubled since 1993

Topic Selected: Ageing
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Over the period, the number remained relatively flat until the year 2000, before rising more steeply to a peak of 1.45 million in 2010, data from the Office for National Statistics (ONS) shows.

An older worker is defined as someone working beyond state pension age (SPA) – the earliest age you can get your state pension.

The increase in older workers is being attributed to an ageing population and post-World War II baby-boomer generation, which is now reaching SPA.

Wanting to remain active in society and financial pressures could also be influencing the decision for more people to work longer.

 

A new retirement reality

Vince Smith-Hughes, retirement expert at Prudential, believes the figures reflect a permanent change.

Smith-Hughes said: ‘There is a new retirement reality taking shape across the UK, as an increasing number of older workers make the decision to continue working past 65.

‘More tha

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