Thursday 07 July 2022

More people willing to work to the age of 65, but no longer

The number of people willing to work until they reach their 65th birthday has more than doubled to 44% over the past five years, according to research by national statistics office CBS.

In 2005, just one in five workers said they would work up to the official retirement age. According to analysts at ING, the switch is a result of the economic crisis, which has made it financially impossible for some people to take early retirement.
The government is currently finalising plans to increase the retirement age to at least 66. Only 14% of people interviewed for the CBS say they are willing to work past the age of 65.
The average retirement age in the Netherlands is currently around 62. This is due to the large number of early retirement schemes introduced in the 1980s in an effort to reduce youth unemployment.

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