Epassi report: The Ageing Workforce in the UK: A Strategic Information Pack for Employers
As of 2024, the number of workers over 50 made up around one third of the UK workforce, a growth of more than 60% over the past two decades. By 2030, it’s estimated that half of all adults in the UK will be over the age of 50.
But early exit from the workforce due to lack of support, health issues or discrimination, costs billions annually in lost productivity and increased welfare spending.
Read the full report to find out:
- While 38% of all departures are due to either stress or redundancy, a further 33% are linked to ‘not feeling supported I my job’ and ‘wanting a change in lifestyle’.
- The UK is unique - no other high-income country has seen a comparable sustained rise in over 50s becoming, and remaining, economically inactive since the start of the 2020s.
- Other countries (75% in the Netherlands and Switzerland and 81% in Iceland compared to 65% in the UK) have already achieved an 80% employment rate, but they have a much higher percentage of people aged 55-64 in employment than the UK.
Supplied by REBA Associate Member, Epassi UK
Creating a fitter, happier and more productive workforce now, and for future generations.
