UK’s Cost-of-Living Squeeze Driving Older People Back Into Work
- Poll shows most who quit in pandemic may now look for jobs
- Tight labor market is driving up wages and inflation
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The majority of over British 50-year-olds who quit their jobs since the start of the pandemic are considering reentering the workforce because of concerns that their pensions won’t cover rising living costs.
A survey by independent job board, CV Library, found that 91% of economically inactive respondents aged 50 or over plan to look for a job, withy 72% citing the rising costs of living as the reason. Others also said that boredom and increased workplace opportunities had prompted a change in their thinking.