The number of people aged 65 and over in work has topped one million for the first time, figures published by the Office for National Statistics (ONS) show.
Commuting to work is an expensive business. Train fares are rising and running a car is far from cheap when you think about the cost of fuel, tax, insurance, loan payments and maintenance costs.
An increasing number of older people are starting to down-size their homes.
Fears that the UK is heading for a triple-dip recession appear to have been confirmed by worse-than-expected January manufacturing data, analysts have suggested.
UK GDP contracted 0.3% in the last quarter of 2012, according the second reading of the data.
More Britons are working beyond the state pension age as they delay retirement, according to data from the Office for National Statistics (ONS).
UK CPI inflation remained at 2.7% in October, broadly in line with economists' expectations, as RPI inflation fell from 3.2% to 3%.
The Office for National Statistics (ONS) is to launch an additional measure of consumer prices inflation which includes housing costs.
The UK's main inflation rate has fallen to 2.2% in September from 2.5% in August, dropping to its lowest level for three years.
The UK economy is in "a very deep crisis" and it is difficult to predict when it will recover, according to Business secretary Vince Cable.