The report by the Resolution Foundation said that young people were prioritising learning over earning. Research Director Laura Gardiner said: “With young people today expected to end their working lives at a later age than previous generations, it’s understandable that they want to start their working lives at a later age too.”
The report showed a sharp fall in the number of employed students in further and higher education, as well as people taking longer to find a job after leaving full-time education. Despite this, overall UK unemployment fell to its lowest level since 1975 last year.
Meanwhile, findings from the Office for National Statistics suggest that half of new jobs created by 2030 will be filled by people over 65. The number of over-65s who are employed has increased by 188% in the last 20 years, from 455,000 to 1.31 million.
One explanation could be the continued increase of the state pension age. But Rest Less, who carried out the research, added: “Our population is growing and people are living longer, healthier lives.”