New research has found that people in lower paid jobs are more likely to respond to the rising State Pension age by working for longer than those who are better off.
Data from the Institute for Fiscal Studies (IFS) shows that combined, 65-year-olds are working an additional 1.8 million hours per week due to the latest increase in the State Pension age from 65 to 66, which took place gradually between 2018 and October 2020.
By mid-2021, the male employment rate at age 65 rose to 42 per cent and the female rate to 31 per cent - both are the highest seen since at least the mid-1970s.
