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South Korea’s Older Workforce Tops 10 Million for First Time
Inadequate pension income kept many older adults working, while 69.2% said they want to continue and the average preferred retirement age was 73.6.
- Data released by the National Data Agency showed the number of employed South Koreans aged 55 to 79 topped 10 million for the first time, marking a record amid the country's rapidly aging population.
- Inadequate pension income continues to push people to remain in the workforce, with 53.4% citing the need to supplement living expenses as their primary reason for seeking employment.
- Pension income remains well below the 1.54 million won minimum living cost for a one-person household, as 8.97 million people received an average monthly payment of 880,000 won .
- Among people aged 55 to 79, 69.2 percent reported wanting to work in the future, while the average preferred retirement age reached 73.6, up 0.2 year from 2025.
- Longest-Held jobs averaged 17 years and 7.1 months, with 30.5% of people still working at their position, signaling long-term employment stability in the aging workforce.
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18 Articles
18 Articles
derwesten.de+2 Reposted by 2 other sources
In Germany, a growing proportion of younger pensioners decide against the complete exit from working life. In addition to financial motives, many seniors also want social inclusion to continue to drive into employment.
·Essen, Germany
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More and more older people continue to work despite pension entitlements.
·Germany
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More and more people between 65 and 74 years of age work alongside their pension. Especially self-employed people are often active many hours a week.
·Düsseldorf, Germany
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More and more people between 65 and 74 years of age work alongside their pension. Especially self-employed people are often active many hours a week.
Coverage Details
Total News Sources18
Leaning Left1Leaning Right3Center7Last UpdatedBias Distribution64% Center
Bias Distribution
- 64% of the sources are Center
64% Center
C 64%
R 27%
Factuality
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