Cost-of-living forcing pensioners back into the workforce: ‘It’s much more expensive’

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Cost-of-living forcing pensioners back into the workforce: ‘It’s much more expensive’
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Pensioners are joining the workforce at the fastest rate of any age cohort in Ireland, according to the Central Statistics Office (CSO)

More and more pensioners are rejoining the workforce for economic and social reasons, an employment expert has said.

The data shows a total of 113,500 people of pension age were in the workforce in the first quarter of this year - an increase of 23% in the last three years.Futurewise Managing Director Peter Cosgrove told"The cost of living is much more expensive than it's ever been and probably linked to that, pensions aren't as adequate as they used to be 20 or 30 years ago," he said.

"Probably even bigger than that, they have this lack of connection and the fact that they're not seeing a lot of people. "I know some employers are very interested in them because they offer skills that maybe aren't as easy to get from the 20-year-olds," he said.

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