Fit people ‘more likely to work’ later in life
Healthy people are much more likely to still be working aged in their 60s than those with poor health, the latest AMP.NATSEM Income and Wealth Report shows.
Among full-time workers in the 60-64 age group, 59.2% of men are considered to be in “excellent” or “very good” health, as are 58.6% of women, based on 2012 data.
Only 8.8% and 8.9% respectively have “fair” or “poor” health in the full-time workforce.
Among part-time workers in the 60-64 age group, 47% of men are in excellent or very good health, and 57.2% of women. Only 19.2% and 7.3% respectively report fair or poor health.
Among full-time workers in the 65-69 age group, 51.6% of men are very healthy as are 67.5% of women; 17.3% and 10.6% respectively are unhealthy.
The report says by 2035 one in four men and one in five women aged in their 60s will be in fair or poor health, reducing their ability to work.
Modelling shows most Australian men (65.1%) and women (72.1%) who are currently in their 40s and in fair or poor health will be unemployed when in their 60s.
About 48% of Australians currently aged 40-54 and with very good health are likely to decline to fair or poor health by 2035.