9% of pensioners aged 65 and over in Oxford still go to work, with older staff offering a boost to local firms. The news comes as the Government unveiled Dr Ros Altmann as its first Business Champion for Older Workers. She will promote the benefits of older workers in the workplace.
Older workers are vital to the success of the economy in Oxford. Staff in their fifties and sixties tend to be loyal to employers, help bring in a new generation of workers and are trusted by customers. In Oxford, the employment rate of those aged 50-64 is 77.1%.
Figures from the Office for National Statistics (ONS) showed the number of 65-year-olds in work across the UK doubled from around 500,000 in 2003 to over a million in 2014. Meanwhile, 7.9m people aged 50 to 64-years-old still have jobs compared to 6.6m in 2003.