Work & Careers: Older People in UK Reach Record Numbers as Self-Employed Workers

Sunday, 25 August 2024, 23:01

Work & careers for older people in the UK are changing as the number of self-employed workers aged 60 and over hits a record 991,000. Many choose to work beyond the traditional retirement age, while some face necessity due to the UK cost of living crisis. This shift reflects significant trends in UK employment statistics and retirement planning.
LivaRava_Finance_Default_1.png
Work & Careers: Older People in UK Reach Record Numbers as Self-Employed Workers

Changing Work & Careers Landscape for Older Individuals

The latest research indicates that work & careers are evolving for older people in the UK, with a historic high of 991,000 self-employed workers aged 60 and above. This is more than a third increase (33%) over the last decade, driven in part by financial necessity due to the ongoing UK cost of living crisis.

Implications of UK Employment Statistics

These UK unemployment and employment statistics demonstrate a significant shift in work trends, where many individuals opt to work beyond the traditional retirement age.

Ending traditional retirement norms, this rise in self-employment reflects changing attitudes and needs in retirement planning. As societies adapt, the economics of aging populations continue to be a vital consideration.


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.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe