Number of working women aged 60-64 has doubled
Employment statistics show that more women are staying in the workplace for longer, with 48.5% in this age bracket in employment1, compared with just 23.4% back in 1998. This is attributed variously to the short-notice rise in the state pension age from 60 to 65 or 66 currently affecting many women born in the 1950s, higher incidence of divorce later in life, financial necessity, or simply a desire to keep mentally active.
It’s also a welcome indication that employers acknowledge the benefits of retaining the skills of older employees within the workplace, though most employers can no longer force retirement when an employee reaches a certain age.
1Royal London, Oct 2018