UK Employment Statistics: Record Self-Employment Among Older People
Sunday, 25 August 2024, 23:01
UK Work & Careers for Older People
UK employment statistics reveal that work & careers among older individuals are changing. A record 991,000 self-employed workers aged 60 or over have emerged, reflecting a significant trend.
Reasons Behind the Rise
- The number of self-employed people aged 60 and over has surged by 33% in the past decade.
- Many older individuals are choosing to work beyond traditional retirement age.
- Despite the desire to work, some people are being compelled due to financial pressures.
Impact on Society
This data highlights the evolving landscape of work & careers in the UK as the cost of living crisis persists. The age at which people choose to retire is shifting, necessitating updated strategies in retirement planning.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.