Global remote work trend keeps British baby boomers employed longer
NEW YORK, UNITED STATES — British baby boomers are staying in the workforce longer than ever, fueled by the flexibility of remote work and new hybrid roles. With no need to commute, they’re balancing work and life more effectively, which has reinvigorated their careers.
A recent survey by Smart Energy GB reveals that nearly 70% of people over 60 in Britain are working in hybrid roles, while others maintain full-time remote positions.
The remote work and side hustle revolution
The flexibility of working from home has energized many baby boomers to pursue additional income streams. Approximately 40% have launched side businesses, with tutoring emerging as the most popular choice. This newfound work-life balance has enabled them to explore interests and hobbies traditionally reserved for retirement while maintaining their primary careers.
Global ‘unretirement’ movement
In the United States, the proportion of workers aged 65 and older has seen a remarkable increase, with nearly 20% of Americans in this age group remaining employed – double the percentage from 35 years ago. These older workers now contribute to 7% of all U.S. wages and salaries, a jump from 2% in 1987.
Additionally, the “phased retirement” approach is gaining traction as workers seek greater control over their departure from full-time employment.
The trend is equally pronounced in the United Kingdom, where 14% of baby boomers and late Gen Xers have “unretired,” with 4% considering a return to work. The gender distribution shows that while 16% of women over 55 plan to resume their careers, the figure rises to 21% for men.
A new approach to retirement
While baby boomers are enjoying a more balanced work-life dynamic thanks to remote options, many believe this lifestyle shift will eventually ease their transition to full retirement.
With newfound time for activities like gardening, yoga, and other hobbies, they feel less pressure to fully step away from work. Smart Energy GB’s findings suggest this generation may be better prepared for retirement than their predecessors, having found a comfortable balance between maintaining income and exploring interests.
