Record number of older workers in employment

A record number of older workers are in employment after a big increase in recent years, according to "striking" new figures.

Older workers are 'a vital contribution' to economy

New figures revealing a record number of older workers in employment, show that employers see the positive value in employing older staff, Pensions Minister Steve Webb said.

According to the figures, almost nine million people over the age of 50 are now in work. Mr Webb said:

Retaining older workers benefits the whole firm, including younger workers who can learn from the experience and skills of their older colleagues.

We want to build a stronger economy, and older workers have a vital contribution to make to our long-term prosperity and the sustainability of our pension system, as well as their own financial and social well-being.

Record number of older workers in employment

A record number of older workers are in employment after a big increase in recent years, according to "striking" new figures.

The Government said almost nine million people over the age of 50 are now in work, almost a third of the workforce and a rise of 8.5% since 1992.

Around 1.1 million are aged 65 or over, twice as many as in 1992.

Record number of older workers in employment Credit: PA

Advertisement