Overview
- About one in four 70-year-old men are in paid work today, up from one in 10 two decades ago, and roughly one in 10 men in their late 70s still participate.
- The expected retirement age has risen to about 67 for men and 65.3 for women, increases of 2.2 and 1.1 years since 2014–15.
- KPMG economists characterize the rise of “ageless workers” as a structural change built over 20 years rather than a spike linked to recent price pressures.
- Growth is concentrated in professional roles where remote and part-time options support ‘semi‑retirement,’ while women and blue-collar workers remain less likely to work into their 70s.
- The pension access age increased from 65 to 67 between 2017 and 2023, a factor that interacts with but does not fully explain the participation gains.