New research from Rest Less suggests that the employment rate for people over the age of 65 has reached a record high. A study by the digital community, which campaigns on behalf of older workers, found the number of economically active people aged 65 and over has also reached record levels.
The report discovered that the economic activity levels among people aged over 65 has passed 1.5million for the first time since comparable records began in 1992, taking the employment rate of the over-65s to 12 per cent, the highest it has ever been.
Stuart Lewis, chief executive of Rest Less, said: “The rapid increase in the number of over-65s either in work, or looking for work is a significant long-term trend driven by the UK’s ageing population, recent increases to the State Pension age and a desire to stay active and purposeful in later life.” He added: “Sadly, for some, it has also been accelerated to some extent by the current cost of living crisis.”
