Over 50s struggle to find work |
| DWP workforce data showed 585,000 people aged 50 to 64 were not employed but wanted or were willing to work in 2026, up 2% year-on-year. Of these, 62% were not seeking work because of sickness, injury or disability, while 16% cited caring for home or family. Women were more likely than men to be economically inactive, although overall employment among over-50s rose to 72.2%. Marianna Hunt, personal finance specialist at Fidelity International, warned that leaving work in your 50s can “force them into an early retirement they can't afford”, reducing earnings, pension contributions and investment growth. Women’s average labour-market exit age also reached a record 65.1 years. |
|