According to new figures from the Office for National Statistics the number of over 65s working in the UK will increase significantly over the next 15 years as the impact of the pensions problem takes hold.
In its report, the Office for National Statistics said that 775,000 workers over 65 will still be in a job by 2020 because of insufficient pension provision. This represents an increase of around a third on current pensioner working numbers.
Meanwhile the same report states that the UK’s overall working population will increase by two million by 2020. A major contributing factor to this will be the five year increase to women’s retirement age and the general need to work for longer.
The Office for National Statistics suggests that on current trends and future law changes the UK workforce would rise 6.7% by 2020 to 32.1 million, from the current 30.1 million.