Most people retire when they’re about 65 years old. But there’s a big trend towards working later. The number of people working into their 70s in the UK has doubled in a decade.
That’s because:
Life expectancy is rising steadily. In 1960, people lived on average to 71. That’s now risen to 81. Many of us want to keep earning through that extra decade.
The information economy means that fewer of us are doing physically challenging manual jobs. That means we can stay usefully employed for longer.
We’re ageing better than the generations before us. Fewer people are leaving formal employment due to health issues.