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Nearly half of women aged 50-65 ‘plan to work past retirement age’

10 Jul 2023 2 minute read
Almost half of women aged between 50 and 65 plan to continue working after they reach state pension age, Yui Mok/PA Wire

Almost half of women aged between 50 and 65 plan to continue working after they reach state pension age, new research suggests.

A study of official statistics found that almost one in two older women planned to either stay in work on their existing hours or reduced hours.

Nearly one in five women in the age group said they did not know what they would do when they reach the state pension age, according to the study by Rest Less, which offers advice to older workers.

Significantly fewer women plan to rely on a private pension than men in retirement, the report suggested.

Stuart Lewis, chief executive of Rest Less, said: “Years of gender-based earnings disparity has resulted in a large pension savings gap between men and women, leaving many women in their 50s and 60s in real financial precarity.

“Nearly half of women aged 50-65 said they plan to continue working in some capacity after reaching state pension age – a number that is likely to have risen even further given the subsequent cost-of-living crisis.

“Women can also find it more difficult to return to work after a period of unemployment or inactivity.”


He continued: “They are far more likely to have taken time out to care for children, parents or a relative than their male counterparts, which puts them at a natural disadvantage.

“In the last recession of 2009, women could retire at 60 and receive the state pension; today it is 66. Many women aged 50-65 are stuck between a rock and a hard place – they struggle to find work due to age discrimination or a lack of flexible work opportunities but they are too young to claim their state pension, putting them in a vulnerable financial position as they approach retirement.

“Whilst the state pension age for men and women may now be equal, this data shows that the retirement fortunes of men and women remain anything but equal.”

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Neil Anderson
Neil Anderson
10 months ago

‘Modern work’ requires that almost all of us give the best years of our lives working for someone else. Often achieving much of great social worth, but also in jobs of meaningless drudgery. We can resolve the care and other crises in our society (and boost the economy) by permitting retirement, for women especially, at 50 (or 30y) on a full or near-full pension. Freed from working for others, they could spend more time with families and friends, and develop their creativity in new enterprises, being more productive and personally satisfied in activities of their own choosing. Such seniors often… Read more »

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