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United Kingdom Retirement Age Men

Price

66 Years
Change +/-
+0 Years
Percentage Change
+0 %

The current value of the Retirement Age Men in United Kingdom is 66 Years. The Retirement Age Men in United Kingdom decreased to 66 Years on 1/1/2023, after it was 66 Years on 1/1/2022. From 1/1/2009 to 1/1/2024, the average GDP in United Kingdom was 65.34 Years. The all-time high was reached on 1/1/2020 with 66 Years, while the lowest value was recorded on 1/1/2009 with 65 Years.

Source: HM Revenue & Customs

Retirement Age Men

  • 3 years

  • 5 years

  • 10 years

  • 25 Years

  • Max

Retirement Age Men

Retirement Age Men History

DateValue
1/1/202366 Years
1/1/202266 Years
1/1/202166 Years
1/1/202066 Years
1/1/201965.5 Years
1/1/201865 Years
1/1/201765 Years
1/1/201665 Years
1/1/201565 Years
1/1/201465 Years
1
2

Similar Macro Indicators to Retirement Age Men

NameCurrentPreviousFrequency
🇬🇧
Average earnings excluding bonus
5.1 %5.4 %Monthly
🇬🇧
Average Weekly Hours
32.1 Hours31.9 HoursMonthly
🇬🇧
Change in Jobless Claims
23,700 102,300 Monthly
🇬🇧
Employed persons
33.232 M 33.094 M Monthly
🇬🇧
Employment Change
220,000 373,000 Monthly
🇬🇧
Employment rate
74.8 %75 %Monthly
🇬🇧
Full-time employment
24.905 M 24.901 M Monthly
🇬🇧
Inactivity Rate
21.8 %21.8 %Monthly
🇬🇧
Job Opportunities
831,000 840,000 Monthly
🇬🇧
Labor costs
122.3 points121 pointsQuarter
🇬🇧
Labor force participation rate
78.1 %77.8 %Monthly
🇬🇧
Minimum Wages
11.44 GBP/Hour10.42 GBP/HourAnnually
🇬🇧
Non-farm Payrolls
-58,569 -6,195 Monthly
🇬🇧
Part-time work
8.291 M 8.208 M Monthly
🇬🇧
Population
67.6 M 66.98 M Annually
🇬🇧
Productivity
101.8 points102 pointsQuarter
🇬🇧
Real Earnings Excluding Bonuses
1.9 %2.3 %Monthly
🇬🇧
Real Earnings Including Bonuses
0.8 %0.3 %Monthly
🇬🇧
Retirement Age Women
66 Years66 YearsAnnually
🇬🇧
Unemployed Persons
1.629 M 1.578 M Monthly
🇬🇧
Unemployment Rate
4.4 %4.3 %Monthly
🇬🇧
Wage Growth
4.3 %3.9 %Monthly
🇬🇧
Wages
696 GBP/Week693 GBP/WeekMonthly
🇬🇧
Wages in Manufacturing
764 GBP/Week759 GBP/WeekMonthly
🇬🇧
Youth Unemployment Rate
13.7 %12.8 %Monthly

What is Retirement Age Men?

At Eulerpool, we pride ourselves on delivering accurate, comprehensive macroeconomic data tailored to various demographic groups. One such group that commands significant interest in economic discussions is 'Retirement Age Men.' Understanding this category is pivotal for policymakers, economists, financial planners, and anyone interested in the intricate dynamics of an aging population. We offer an expertly curated analysis that delves into essential macroeconomic indicators affecting this demographic, ensuring our users make informed decisions based on the latest data trends and insights. The demographic category of Retirement Age Men typically includes individuals aged 65 and above, a cohort that has profound implications for the economy due to their unique needs, behaviors, and economic activities. This group's economic profile is marked by several critical factors, including retirement income, healthcare expenditures, consumption patterns, and labor force participation rates. These factors contribute to the overall understanding of their impact on both micro and macroeconomic scales. One crucial aspect of Retirement Age Men's economic standing is retirement income, primarily composed of pensions, social security benefits, savings, and investments. As individuals transition from active employment to retirement, their main sources of income shift. This demographic relies heavily on fixed incomes, which makes them sensitive to inflationary pressures and changes in fiscal policies. Understanding the distribution and adequacy of these income streams helps in assessing the financial security and quality of life for retired men. For instance, variations in pension schemes, the sustainability of social security systems, and the volatility of investment returns are all critical data points that economists track meticulously. Healthcare expenditures form another significant component of the economic profile for Retirement Age Men. Typically, healthcare costs escalate with age due to increased medical needs and long-term care requirements. This group's spending on healthcare profoundly affects both personal financial planning and public healthcare systems. Examining data on healthcare expenditure trends can illuminate how changes in healthcare policies, pharmaceutical prices, and service accessibility impact this demographic. For example, understanding how Medicare adjustments or privatization debates could affect healthcare affordability for retired men is essential for both policymakers and economic analysts. Consumption patterns of Retirement Age Men also present unique economic insights. This demographic often shifts spending from goods to services, particularly healthcare and leisure activities, reflecting their lifestyle changes. Tracking these consumption trends sheds light on broader economic impacts, such as shifts in market demand, which can influence various sectors from real estate to travel industries. Furthermore, the tendency of retired individuals to downsize their living quarters affects housing markets, influencing housing demand dynamics and valuation trends. Labor force participation rates among older men are another pivotal area of study. With rising life expectancy and better health quality, there has been a notable trend in delayed retirement or partial retirement. This affects labor markets and economic productivity, making it crucial to study the participation rates and employment trends among older men. Factors influencing these trends include availability of flexible working conditions, age discrimination policies, and pension regulations, which collectively sculpt the economic landscape for Retirement Age Men. From a macroeconomic perspective, the increasing proportion of men in the retirement age category poses both challenges and opportunities. The dependency ratio, which measures the ratio of dependent individuals (young and old who do not work) to those in the working-age population, is a critical metric influenced by this demographic group. A higher dependency ratio typically indicates a greater financial burden on the working population to support retirees. Therefore, policies aimed at effective pension management, fiscal sustainability, and intergenerational equity become vital subjects of macroeconomic discourse. Moreover, Retirement Age Men often play a significant role in wealth transfer and inheritance patterns, impacting economic inequality and wealth distribution. Data on estate taxes, inheritance laws, and wealth transfer behaviors help in understanding how wealth consolidation or dispersion occurs across generations. This has far-reaching implications for economic models that address wealth inequality and consumer spending behaviors. In the investment landscape, Retirement Age Men are usually characterized by a more conservative approach, prioritizing low-risk investments to safeguard their post-retirement income. This risk aversion impacts financial markets, influencing demand for bonds, annuities, and other fixed-income securities. Understanding the investment preferences of this demographic helps financial institutions tailor their products and services. Moreover, it provides critical insights into market stability and interest rate movements, making economic forecasting more accurate. In conclusion, Retirement Age Men represent a significant demographic with profound implications for various economic facets. At Eulerpool, our in-depth analysis and comprehensive data coverage offer a nuanced understanding of this group's economic activities and needs. By providing accurate, detailed macroeconomic data, we empower our users to make well-informed decisions, whether they are financial planners designing retirement portfolios, policymakers crafting sustainable fiscal policies, or economists analyzing market trends. The demographic of Retirement Age Men, with its unique characteristics and economic footprint, remains an essential focus for achieving a balanced, inclusive, and forward-looking economic strategy.