‘I’m 94 and still work 7 days a week’: Number of seniors delaying retirement explodes — and could surge further amid economic uncertainty

Old age, caller activity patterns.

The number of workers postponing status has boomed crossed nan Western world owed to accrued life expectancy and economical uncertainty.

British businessman Derek Price, 94, still clocks 7 days a week astatine his company, saying full-time activity keeps him spry six years retired from his centenary birthday.

“I live, eat and slumber nan business,” nan nonagenarian told The Telegraph. “I’m addicted to it.”

Price is nan president of his ain company, Price of Bath, which manufactures tennis racquets and squash balls.

The industrious Englishman says he nary longer collects a paycheck from his business, proclaiming that he now useful for nosy and not for financial need.

“I bask nan challenges of solving problems,” he declared. “Some group do crosswords – I for illustration nan chemistry of making each kinds of rubber balls and nan engineering challenges that brings.”

While almost each group successful their nineties nary longer work, it’s a different communicative for those successful their sixties and seventies — peculiarly successful America.

A 2023 study conducted by Pew Research Center recovered that almost 1 successful 5 Americans (19%) aged 65 and older is employed. In 1987, only 11% of Americans successful that property class were still working.

For many, money is nan motivator.

The Transamerica Center for Retirement Studies precocious recovered that astir 80% of older workers said they are still moving “because they request nan paycheck aliases because they want to support building their status savings.”

Meanwhile, a survey from security institution Allianz Life recovered 64% of Americans interest much astir moving retired of money than they do astir dying.

The number of individuals complete 75 who are either moving aliases actively looking for activity is group to turn a staggering 96.5% by 2030, according to nan American Bureau of Labor Statistics.

In different Western countries, nan number of citizens still moving aged 65 and older is increasing astatine slower rates — perchance owed to heftier pension and status plans.

In nan UK, for instance, only 11.5% of Brits aged 65 and complete are presently working, while successful Australia nan fig stands astatine 15%.

Meanwhile, older Americans are much apt to beryllium moving full-time than part-time — different parameter of financial insecurity.

Of those successful nan US who are still moving past nan property of 65, 62% are employed full-time, per Pew.

Compare that pinch nan UK, wherever conscionable 34% of older Brits who activity do truthful connected a full-time basis.