Increase in older people in work, study suggests

The number of people over 70 in employment has risen to nearly half a million, new research shows.

The 6% increase last year suggests employment in the older age group has recovered from its Covid-related slump, financial advisor Salisbury House Wealth said.

The study found that at the beginning of the pandemic, the number of workers over 70 fell as older workers were screened.

According to the report, older workers are typically employed in sectors where remote working would not have been possible, such as retail and health and social services.

Tim Holmes, General Manager of Salisbury House Wealth, said: “The need to protect yourself during the pandemic has been a huge setback for those over 70 who relied on supplementing their retirement income.

“Some older workers stay with the workforce voluntarily, especially to stay connected to the community. For others, however, there will be a need to top up their pension pots. “

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