Older Workers: Employment Rise – CSO Data

Here’s a summary of the key points​ from the⁢ provided text:

Active Older Population: A notable portion of‍ the elderly ‌population in Ireland remains active – 75%⁤ of those ⁢aged 75+ walk​ regularly (at least three days ‌a week). This is a higher percentage ​then younger‌ adults (18-24, at 85.2%).
Aging Population ⁢& Dependency Ratio: Ireland’s ⁤population is aging. the old age ‌dependency ratio (percentage of ​people 65+ compared to ‍those 15-64) is projected to nearly double, from​ 25% in 2027 to 49.8% in ⁣2057.
Life Satisfaction: Surprisingly, older people (65+) report higher levels of life satisfaction (32.3%) than those aged 25-49 (24.7%).
Financial Concerns: Despite activity‍ levels and satisfaction,‌ ther are growing financial vulnerabilities among seniors:
‍
Mortgages: More people over 65 have mortgages – a 20% ⁤increase between 2016 ‌and 2022.
Pensions: 20% of workers aged 55-69 lack⁢ a private ​pension.
Poverty Risk: The risk ‌of ⁢poverty among those ‍65+ has ⁣increased ⁣significantly, from 8.3% in 2023 to 13.3% last ‌year.
housing Market Impact: The‍ age at which people buy their ‍first home is increasing, contributing to the financial pressures on​ older generations.

In essence,the article paints a ​picture of a growing,active,and relatively satisfied older population in Ireland,but one facing increasing financial challenges.