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Rise in over-50s leaving UK workforce

2022-11-06 13:20

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Head Kandi, LONG COVID, PANDEMIC,

The number of economically inactive 50- to 64-year-olds has increased. Some can afford to retire – but many have long Covid or other health issues.

Some of the over-50s moving out of the workforce are among the record 2.49 million people now not in a job because of long-term health conditions – an army of missing workers that has exacerbated inflation by creating staff shortages, driving up wages.

Other over-50s have deliberately downsized or chosen to retire – or been prompted to make a change for other reasons.