The number of over-50s either in work or looking for work has reached pre-pandemic levels, new research has revealed, with more than one in 10 retirees saying they would consider going back to work because of the increased cost of living.
Men aged 65 and over were responsible for the biggest rise, with an 8.5 per cent increase in one year, and a 6.8 per cent increase for women over 65.
This compares to a 0.13 per cent increase for those aged 50 to 64, according to analysis by Rest Less.
The number of over-50s in or looking for work hit a peak of just over 11 million before the pandemic, from December 2019 to February 2020. Numbers then fell to lower than the previous decade during the pandemic.
When asked by Rest Less if they would consider going back to work, one in three retirees said they would. A third said they would return for the mental and social stimulation, while 12 per cent said it would be because of the increase in the cost of living.
Earlier this year it was revealed that half of unemployed men over the age of 50 have been out of work for at least a year.
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