They are more likely to be following the maxim, "Live longer, work longer," but how much work do they actually do? Being "self-employed" may seem preferable to being "retired" and definitely better than "unemployed," even if many of the self-employed are in tiny jobs, working only a few hours a week. In truth, some may be happy with that, but not all are.
Unemployment has shown a big fall in the last three months and now stands at 7.1% of the working population. But coverage of the issue has focused on the likely result of this fall on interest rates. Mark Carney, the Governor of the Bank of England, has said he will not raise interest rates, which have been stuck at 0.5% since 2009, until unemployment drops to 7%.