Employment Rates of Retirees in Cyprus and Europe
December 10, 2024
Almost 30% of Cypriots continue to work after retirement, primarily due to financial necessity. This percentage is much higher than the European average of 10.3%. Interestingly, Cyprus ranks high within the EU, even though only 19.1% of retirees do so because they enjoy working. In contrast, countries like Denmark and the Netherlands see more people working for enjoyment.