Where are the EU workers who continue working after retirement?

Wanting to stay productive or financial necessity are the main reasons Europeans keep working even after receiving old-age pension.

Transcript

00:00Would you continue working after receiving your pension?

00:09Around 13% of people in the EU in 2023

00:13continue working during the six months

00:16following the receipt of their first old age pension.

00:19Among these workers, about half maintain their previous employments

00:23while the other half made adjustments

00:25such as switching jobs or reducing their working hours.

00:29The highest share of people who continue working was found in the Baltic countries.

00:34Estonia was as high as 54%

00:37followed by Latvia at 44.2%

00:40and Lithuania at 43.7%.

00:44While the lowest shares were registered in Romania at 1.7%,

00:50Greece at 4.2%

00:53and Spain at 4.9%.

00:56Nearly two-thirds of people who continue working

00:59either stated that they enjoy their work and being productive

01:03or did so due to financial necessity.

01:06The desire to maintain social integration

01:08and the financial attractiveness of work

01:11were also mentioned as reasons for continuing to work.

01:14Denmark, the Netherlands and Italy

01:17had the highest proportion of people who continue working because they enjoy it.

01:21On the other hand, financial necessity was the main reason

01:24for continuing to work in Cyprus, Romania and Bulgaria.