Older Aussie workers rising
New data reveals older Australians are working longer in order to “retire stronger”. The Australian Bureau of Statistics show 1.93 million workers aged 55 years and over were employed last year, almost double the 1.01 million employed a decade earlier.
New data reveals older Australians are working longer in order to “retire stronger”.
The Australian Bureau of Statistics show 1.93 million workers aged 55 years and over were employed last year, almost double the 1.01 million employed a decade earlier.
The data, which highlights older Australians’ desire to continue working rather than take an early retirement, reveals 73% of people aged 55 to 59 years were in the workforce in 2011, compared to 55% two decades earlier.
About 53% of people aged 60 to 64 years continued working in 2011, compared to just 35% a decade ago.
Other findings of the data uncover:
- 25% of Australians aged 65 to 69 years were still working last year, with the majority taking on full-time roles rather than part-time.
- 102,000 people aged in their 70s, 80s or 90s, continued work last year.
- 65% of women in their 50s were working or looking for work in 2011, while 81% of men in this age group did the same.
- One in every three men in their late 60s are in the workforce, while participation rates among women in this age group have more than doubled, from 8% to 18%.
Are you an older Australian and still working, or do you know an older person who is still in the workforce? Share your thoughts on this data by commenting in the box below.
