According to new research by the International Longevity Centre (ILC), over-65s remaining in the workforce have surged since the early 2000s, with participation more than doubling among women. The report shows that 15% of men and 9% of women aged 65 and older were economically active in 2023, compared to 9% and 4% in 2004.
In addition, the study highlighted a rise in employment among those aged 50-64. By 2023, 78% of men and 69% of women in this age group were active in the workforce, compared to 74% and 58% two decades ago.
Dr. Vivien Burrows, senior research fellow at the ILC and report’s author, emphasized the dual benefits of work for older adults. “We know how important meaningful occupation is for our health and wellbeing. The rise in the proportion of older workers is a positive trend but there are signs that this growth is beginning to stall with too many people forced out of work earlier than they would like, ” she added.
Interestingly, the nature of employment for older workers is shifting. Among women aged 50 and above, 45% held part-time positions in 2023, a decline from 51% in 2004. On the other hand, the share of men in part-time roles rose during the same period, increasing from 16% to 19%.
According to the report, technological advancements have changed how, when, and where people work. Flexible arrangements, such as remote or international working, are expected to become more common, though these opportunities may not be universally accessible.