Older UK workers who retired early in pandemic were ‘forced into poverty’

Thinktank challenges view that those taking early retirement under Covid were relatively well off

Half of older adults who left the UK workforce amid mass redundancies in the first year of the Covid pandemic ended up falling into relative poverty, according to the Institute for Fiscal Studies (IFS).

Britain's foremost economics thinktank said job losses during the early stages of the crisis, coupled with the additional health risks faced by older workers, were likely to have forced many people into early retirement.