Increasing numbers of Australians are happy to remain in the workforce beyond retirement age, according to the latest Financial Services Council (FSC)/Commonwealth Bank Older Workers’ Report.
The research, details of which were released at the FSC annual conference on the Gold Coast, showed that while financial security was a major reason for older workers remaining in the workforce, it was not the only reason with lifestyle factors also being a factor.
The report found the financial services industry was indicative of the trends, with those retiring mostly being those who felt they had enough money to retire.
The report also found that age discrimination in the workplace was also less of a problem and had halved since 2012.
However, the report said there was still work to be done, with older workers finding it hard to find a new job when they had been made redundant or otherwise lost a job, with 27 per cent saying they found it very difficult.
The report also pointed out that 2015 represented the first year during which Generation X was entering the realm of older workers
