Employment & work

Is 75 the new 65? Rising to the challenge of an ageing workforce

13th February 2014, Towers Watson

Historically low birth rates and increasing life expectancy mean that Europe’s working population is ageing fast. In 2012 the continent reached an inevitable demographic tipping point. The percentage of the population at working age fell for the first time in 40 years. It is now forecast to fall every year until 2060.

Retirement as we think of it today could soon become a thing of the past. State pension and health provision will come under intense stress. Companies will have to undergo a step change in their attitudes to older employees and, more broadly, to working practices. 

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