Employment past 65
At the same time, people who remained in the workforce past the age of 65 years have also steadily increased throughout the decade, according to the report.
In 2023, 24.1% of adults aged 65 years and over were employed in New Zealand, up from 22.1% in 2013.
The report noted that the biggest increase for people past 65 was those aged between 70 and 74 years, who recorded an increase of 2.8 percentage points from a decade ago.
“There are several factors which may be contributing to this trend, including better health, longer life expectancy, and financial pressures surrounding retirement,” Goodyear said.
Employment growth
Overall, the increase in employment in 2023 continues the trend recorded from 2013 to 2018, where all ages reported employment growth.