For some, it's not about the money: proportion of pensioners with jobs rising
More and more people between the ages of 65 and 74 are working in addition to their pension. Self-employed individuals are particularly often active for many hours a week.
Recent data from Germany reveals a growing trend among retired individuals working alongside their pension income. According to the Statistisches Bundesamt, 14% of those aged 65 to 74 held a job in the previous year, marking a slight increase from the 13% recorded a year earlier. Among these employed retirees, 27% identified as self-employed, with two-thirds engaged in part-time roles with limited weekly hours and modest monthly earnings.
Self-employed individuals tended to work longer hours, with 28% reporting over 40 hours per week, compared to just 8% of those who were dependently employed. As people age, their likelihood of maintaining employment decreases; while 19% of retirees aged 65-66 held jobs, this figure fell to 8% for those aged 73-74. Individuals with higher educational attainment were more likely to be employed, with 18% falling into this category, compared to 12% for those with intermediate education and 10% for those with lower education levels.
In a separate 2023 survey, 33% of working retirees cited financial motivations, often citing enjoyment or a desire to remain socially engaged.
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