Is it 75 now instead of 65?

Much has been written about the fact that financial necessity is making Canadians decide to stay in the work force past the traditional retirement age of 65.

But there’s also a growing grey market of seniors who are choosing to recommit to their careers in their 60s and 70s.

Older workers have dominated recent gains in the Canadian labour market. While they account for only 8 per cent of the total work force, people aged 60 and over have accounted for about a third of all net job gains – about 200,000 – since the economic recovery began in mid-2009, according to Statistics Canada.

Over the past two years, employment for people older than 70 is up by 55,000 positions, a 37-per-cent increase.

And a survey by Sun Life Financial found that only 30 per cent of Canadians plan to be fully retired by 66, with 48 per cent saying they plan to work part-time or freelance after they retire from their full-time jobs…

Source:

via Is 75 the new 65? – The Globe and Mail.

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