Most self-employed workers will be over the age of 50 within seven years, a new report has predicted.
The move shows how older people are increasingly becoming entrepreneurs or business owners, according to Hitachi Capital and the Centre for Economics and Business Research.
Their study found that an increasing number of 50 to 64-year-olds were not retiring, preferring to stay in work.
Kay Daniel Neufeld, Senior Economist at the CEBR, said: “Self-employment among the over-50s has risen much more quickly than it has for younger cohorts, driven by demographic factors such as the rising average age of UK workers, as well as structural changes in the labour market.
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