Older Canadians are forgoing a life of leisure out of the workforce and opting to spend more of their golden years on the job, continuing an ongoing trend of delaying retirement, according to a study.

 

Research from Statistics Canada finds that a 50-year-old worker in 2008 could expect to stay in the labour force another 16 years — 3.5 years longer than would have been the case in the mid-1990s.

 

The report, which is based on statistics dating back to the mid-’70s, says older workers have been increasingly delaying retirement since the mid-1990s. That reverses a trend seen in the 1980s and early 1990s, when early retirements were prevalent due to high public-sector deficits and downsizing among private-sector organizations.