Pensioners in work doubled since 1993
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Over the period, the number remained relatively flat until the year 2000, before rising more steeply to a peak of 1.45 million in 2010, data from the Office for National Statistics (ONS) shows.
An older worker is defined as someone working beyond state pension age (SPA) – the earliest age you can get your state pension.
The increase in older workers is being attributed to an ageing population and post-World War II baby-boomer generation, which is now reaching SPA.
Wanting to remain active in society and financial pressures could also be influencing the decision for more people to work longer.
A new retirement reality
Vince Smith-Hughes, retirement expert at Prudential, believes the figures reflect a permanent change.
Smith-Hughes said: ‘There is a new retirement reality taking shape across the UK, as an increasing number of older workers make the decision to continue working past 65.
‘More than ten per cent of people who had planned to retire this year are making alternati...
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