Half of new jobs in 2020s will be filled by over-65s as boomers keep on working - Today News

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For any copyright, please send me a message.  More than half of new jobs created over the next decade will be filled by workers aged 65 and over.  Analysis of official figures suggest they will make up 282,000 of a total 546,000 new employees by 2030.  Older workers could account for almost two thirds of employment growth by 2060.  This is in part due to more baby boomers - born just after the Second World War - entering the workplace, as well as more women working for longer as a result of changes to the state pension age.   The Office for National Statistics data suggests there will be around 746,000 new workers aged 65 and over out of a total employment growth of 1.2m within 40 years.  Stuart Lewis, founder of Rest Less, a jobs and volunteering site for the over-50s, who analysed the labour force figures, said: “Our population is growing and people are living longer, healthier lives.   “Today’s over-65s are healthier and more active than previous generations and many who are fit and able to work tell us that they have no intention of fully retiring any time soon.  “People’s reasons for continuing to work post state pension age vary wildly.   “From those who are choosing to top up their pension pots while they still can, to those who want to keep working for the love of the job or for the health and wellbeing benefits.”  The number of over-65s in work has increased by 188% in the last 20 years, from 455,000 to 1.3m, and the proportion has grown from just over 5% to just under 11%.   In the past 10 years the number has increased from 763,000 to 1.3 million – a 71% increase.  The British population is expected to age considerably over coming decades - raising concerns over how the country will afford to pay for social care.   But it could also create opportunities for employers to retain a highly skilled and experience workforce.   Around one in four people aged between 50 and the state pension age are currently out of work, and older workers who lose their jobs remaining out of work for longer than people of other ages.  Patrick Thomson from the Centre for Ageing Better told the Guardian: “It’s clear that the older workforce is the workforce of the future.  “Employers urgently need to tackle ageism within their organisations if they and their workers are to make the most of these longer working lives.  “At the same time, it’s crucial that people aren’t forced to work in their late 60s and 70s because of financial insecurity, and that the kinds of work people are doing later in life is fulfilling and suitable.   “Few of us can expect to reach 65 without a disability or health condition, so employers must do more to support health in the workplace.”  Caroline Abrahams, Charity Director at Age UK said: “The luck