Retirement economics: The power of pensioner spending

As retirees get healthier and wealthier The Guardian looks at where their money comes from - and where it goes

The economics of retirement have changed – workers no longer collect their gold carriage clock at 65 and spend their final years running down their pension savings in modest obscurity.

The older generation refuses to shuffle quietly into retirement but is playing an increasingly active and enthusiastic role in this ‘Third Age Economy’.

The Office for National Statistics (ONS) says about 1.4 million people now continue to work beyond 65 – often in “higher status jobs”, according to the Intergenerational Foundation (IF).

Read More at The Guardian