Extra Brits working previous age 50

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The proportion of 50 to 64 year-olds in work has risen
from 55.eight% in 1984 to 72.5% in 2019, official figures present.

The information from the Workplace for Nationwide Statistics reveals
the typical age of leaving work is now 65.three for males and 64.three for girls, up from
63.2 and 60.eight respectively 10 years in the past.

The employment charges throughout each genders and all age
teams have all elevated since 1999.

For the primary time, the employment charge for females in
the 60-64 yr outdated age group is greater than the economically inactive charge.

The most important enhance since 1999 amongst each males and
females was within the 60 to 64 year-old age group, up from 24.three% to 51.four% for
females, and up from 47.6% to 60.eight% for males.

In the meantime, the hole between the employment charge of 35 to
49 year-olds and 50 to 64 year-olds has continued to slender. In 2019, the
employment charge hole was 12.7 proportion factors, in comparison with a niche of 21.1 in
1999.

The variety of ladies of their early 60s working full-time
has virtually doubled within the final 10 years.

Anne Willmot, age marketing campaign director at Enterprise
within the Neighborhood, a charity and the Prince’s accountable enterprise community, stated
companies have to embrace versatile working insurance policies and supply workers the
alternatives for mid-life MOTs so they’re absolutely geared up to make knowledgeable
selections about their careers, their well being, wellbeing and funds.  

“Accountable companies are already making ready for
each the challenges and alternatives that an ageing inhabitants will deliver, and
setting up age-friendly insurance policies to take advantage of the deep structural
change rising within the UK workforce,” she said.

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