No Match Found
New Zealand position on the 2021 Golden Age Index, followed by Iceland and Japan
British people of working age are out of the labour force
British people believe that shorter NHS wait times will allow them to return to work sooner
UK position on the 2021 Golden Age Index, consistent with its place in 2016
According to the latest labour market data, one out of five people aged between 16 and 64 in the UK are neither employed nor looking for a job. Since the pandemic, the number of older inactive workers has increased by 244,000 - greater than the population of cities the size of Portsmouth in the UK. Whilst the employment rates of the majority of the UK population have recovered since the pandemic, workers over 55 years old did not experience a post-pandemic recovery.
Our latest Golden Age Index report shows the UK's lackluster performance on the Index, with the UK lagging behind a number of other advanced economies. Short-term labour force statistics suggest a further worsening of the employment situation for older workers in the UK. While most OECD countries witnessed an improvement in the employment rate of 55-64 year olds, the UK experienced a slight decline. Getting the UK’s over-55s back into the workforce is a key step to lowering the UK's rising inactivity levels and reintegrating some of our most experienced workers back into work.
Our Golden Age Index is a weighted average of seven indicators which reflect the labour market impact of workers aged over 55 in OECD countries, including employment, earnings and training. The key findings from our 2023 report are as follows:
“I am not well and wouldn’t be able to work in a stressful environment. I would need part time and to be able to work from home.”
a 55-64 year old woman from London