Skip to content

The trend for working longer: Spotlight on New Zealand

by on April 26, 2016

We’ve blogged extensively on the trend towards working longer in the UK, following the abolition of mandatory retirement and the rise in state pension age. Today we focus on New Zealand, having spotted this item in the Bay of Plenty Times. The headline reports that ‘More [are] choosing to work past retirement age’ in New Zealand too.

It seems that New Zealand has the highest proportion of people 65 and older in the workforce among the 34 countries of the OECD (Organization for Economic Co-operation and Development). The article quotes gerontologist Carole Gordon who has been studying the “silver economy” for 30 years as saying that people aged 50-plus are the biggest consumer group on the planet.

It also gives examples of people in their 70s working variously as a care worker, chef and running a consultancy business, with a suggestion that financial necessity (e.g. having a mortgage to pay off) is part (not necessarily all) of the reason for keeping working. There are echoes of initiatives we have seen in the UK such as promoting enterprise in later life (though the article thankfully avoids using the term ‘olderpreneur’ with its suggestion that enterpreneurs aren’t normally older people).

Advertisements
Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: