The Countries With The Biggest Ageing Workforce

What is the disposable income of the older generations in each country?

As the globe’s average life expectancy is increasing, so are our retirement ages as a result. But which countries have the largest older workforce in the world and what is the disposable income of the older generations in each country?

ComparetheMarket.com has analysed the age demographics and employment figures from countries across the world to find out what their workforces look like. The research carried out focuses on figures and statistics relating to population, employment of different age demographics and the disposable income of different generations.  

The top 10 countries with the highest percentage of people aged 65 and over in employment:



Iceland ranks as the country with the highest percentage of people aged 65 and over still in employment at nearly 40% (38.1). This Nordic island nation is known for its small total population of just 339,747, with the older workforce being made up of 19,300 people. When it comes to working hours, Iceland is considered as one of the leading countries, as the average employee works 1,697 hours a year, compared to the average 1,749 hours amongst OECD countries. 

The USA ranks third for its percentage of employees aged 65 and over at 19.6%. Interestingly, due to the immensely larger population in America, this percentage equals a whopping 10.3 million 65 and overs that are still in employment. This is over 170 times more people than that of Iceland.  

As technology continues to evolve and become embedded in all aspects of our lives, what will the ageing workforce look like across the world in 10 years’ time? 

The top 5 countries with the highest disposable income for people aged 65 and over.



Interestingly, Luxembourg is the only country analysed where the income of people aged 65 and over is higher than the national average disposable income, at £46,802, which is 5% higher. The USA ranks second with the average disposable income of those aged 65 and over sitting at $46,689, which is -6% than the national average. The UK ranks considerably low in the results, with the average disposable income of its population aged 65 and over sitting at £26,785, which is 16% less than the national average.  

To find a full breakdown of this large data study, you can click the link here.