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The Guardian - UK
The Guardian - UK
Business
Larry Elliott Economics editor

Early retirement in England increasingly preserve of wealthy, report shows

A man with a grey beard relaxing at home, with laptop and eyes closed, enjoying music.
The IFS found there had been a marked change in employment patterns for those in their 50s and 60s. Photograph: 10’000 Hours/Getty Images

Early retirement in England is increasingly the preserve of the wealthy as the less well-off are either forced to carry on working to make ends meet or are forced out of the labour market by ill health, research shows.

The Institute for Fiscal Studies (IFS) thinktank found there had been a marked change in employment patterns for those in their 50s and 60s, with wealth the key factor in determining whether people chose to stop working.

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