They are listing projections which aren't worth the paper they are written on. Predictions made in 2019 before the pandemic. Guess what dropped sharply during the pandemic? Elderly workforce partcipation rates when the risk of occupational infections became obvious. The unanticipated events pretty much make it worthless even before. Given current trends if it winds up true it will likely be due to different reasons such as paying enough that seniors start to consider it worth their time.<p>Also shame on the classic sensationalist "uncontextualized percentage increase" sleaze emphasis on changes to comparatively very small numbers.
At that age your body will decide if can keep on going. It's not really a personal decision.<p>Having said that, I think we could structure work so that older people could work fewer hours, if they want to.
They might as well say "expected to double in size". I don't believe there's any significance to that 0.5% on top of a 96% that must already be pretty imprecise.
I work with a 75 year olds who is on the road 100+ days each year. He's happy, company is happy, and the job isn't very physically demanding. This will become more common