One-Third Of Global Workforce Now Over 50

Meager retirement savings and the still-lingering effects of a recent recession have kept thousands of older employees in the workforce the world over—a trend that is here to stay, says Allianz Senior Economist Dr. Michaela Grimm. Already, one in three workers is past the age of 50. “It’s wishful thinking to assume that once the baby boomers retire, we will be able to go back to the formal normal,” Grimm told Insurance Business America. “In the long run, one in three people will be working over the age of 50.