The Value Of Age

“As an experienced consultant I am often the wisdom worker in the room so my knowledge is used and valuable.”
Quote from Respondent

In professional contracting, age continues to be highly valued in 2026.

Experience is rewarded in ways that are often not seen in traditional employment, where ageism can limit opportunities. Contracting on the other hand provides a work opportunity where expertise, judgement, and reliability are actively valued. The age profile of the sector has moved older this year, with contractors aged 60 and over now accounting for 17% of the market, up from 14% in 2025. Highlighting a growing cohort of contractors who choose to remain economically active later in life, often well beyond the point at which employees typically exit the workforce.

The financial value of age remains evident. Daily rates rise monotonically with experience, and the highest daily rate of all age groups in 2026 is again those aged 60 and over, where the average daily rate earned is €705. This reinforces the premium placed on experience, expertise and skillset. However, the benefits of age extend beyond earnings. In 2026, 92% of contractors aged 60 and above report the highest satisfaction with their life and job where 93% are satisfied with the success they have achieved in their career. They also report the highest wellbeing outcomes, with the lowest levels of loneliness and burnout at just 14% and 12% respectively, significantly lower than all younger age groups.

The data highlights the potential of many professionals over 60, who continue to contribute not just meaningfully – but at a career lifecycle best – to the economy at a time when many in traditional forms of employment are being pushed towards retirement. Contracting allows the over 60’s an opportunity to work longer, on flexible terms, while maintaining high satisfaction levels with work and life in general.

Taken together, the 2026 findings show that older professionals in self-employment are not just a social good but an economic gain. Independent contracting, by enabling experienced individuals to remain active on their own terms, means Ireland can harness otherwise wasted critical expertise and intergenerational knowledge transfer while improving the resilience of its professional workforce.

Age Breakdown

The age profile was slightly older in 2026 versus 2025. The share aged 29 and below decreased from 10% to 7%, reflecting fewer early career entrants this year. Those aged 30–39 decreased from 26% to 24%. The 40–49 group held steady at 28% in both years. Increases were seen in older cohorts. The 50–59 increased from 22% to 24% and the 60 and over increased from 14% to 17%; notably, still below the 20-22% range experienced in 2022-23.

Contractor Earnings

Average daily rates increased for the oldest and youngest contractors in 2026, while other groups experienced decreases. Age continues to command a clear premium, and the 2026 data shows increased pressure on mid-career rates compared with 2025.

Contractors aged 60 and over saw average daily rates increase from €657 to €705. Daily rates also increased for those aged 29 and below, from €359 to €380. In contrast, mid-career daily rates all decreased. The largest decline was among those aged 40–49, where rates dropped from €587 to €539.

This is particularly significant as this cohort represents the largest segment of contractors, at 28% in both 2025 and 2026. Rates for those aged 30–39 decreased from €480 to €467, while the 50–59 group saw a smaller reduction from €618 to €611.

Overall, the age-experience premium remains strong. In 2026, contractors aged 50 and over earned an average daily rate of around €649, compared with approximately €496 for those aged 49 and below. This represents a 31% premium for older contractors, highlighting the ongoing value placed on their experience.

 

Work Experience By Age

Work experience is not surprisingly increasing in age but importantly this occurs for both time in self-employment and employment. As we noted earlier this experience is closely associated with higher day rates indicating a relationship with worker productivity. This further translates into higher annual earnings with earnings increasingly monotonically with age; a pattern observed in all but one of our previous surveys. The latest average annual employee earnings of managers, directors, and professionals in Ireland (up to Quarter 3 of 2025 so just one quarter earlier than out survey) is €83,833. This indicates that all age groups of independent contractors earn more than equivalent employees. The over 60’s earn then largest premium over equivalent employees with a premium of 72%.

93% of contractors over 60 are satisfied with the success they have achieved in their career.

Career Satisfaction

Older contractors report the highest and most consistent levels of job satisfaction in 2026. Contractors aged 60 and over record the highest satisfaction across all the criteria. 93% are satisfied with the success they have achieved in their career, 87% with progress toward their career goals, 89% with their rate of pay, 94% with the location of their job, 93% with the flexibility of their hours, 82% with remote working options, 86% with their work–life balance, and 92% with their life in general. This reflects a cohort that is well aligned with the contracting model, benefiting from experience, autonomy, and the ability to select roles that suit their priorities.

Well-Being

Older contractors emerge as the strongest performing group from a wellbeing perspective in 2026. Contractors aged 60 and over report the lowest levels of loneliness and burnout across all age groups. Loneliness declined from 19% in 2025 to 14% in 2026, while burnout, although slightly higher than last year, remains low at 12%.

In contrast, wellbeing challenges are far more pronounced among mid-career contractors. Reported loneliness increased sharply among those aged 30–39, rising from 22% to 60%, and among 40–49, increasing from 19% to 50%. A similar pattern is seen for 50–59, where loneliness increased from 24% to 50%. Burnout followed the same trend. Burnout rates increased substantially for 30–39 (from 12% to 51%), 40–49 (from 16% to 71%), and 50–59 (from 13% to 45%), indicating strain during the busiest and most pressured career stages.

Younger contractors show a more stable picture. Those aged 29 and below reported a slight reduction in loneliness, from 27% to 25%, while burnout increased marginally from 19% to 21%, remaining well below the levels seen in mid-career groups.

Overall, the 2026 wellbeing findings highlight a clear difference based on age. Older contractors appear more resilient and settled, while mid-career professionals face significantly higher wellbeing pressures.

Confidence Index

Contractors aged 60 and over remain positive about the future of contracting in the next 3-5 years. Their confidence index score is +24 up from a score of +23 in 2025, indicating that they a positive outlook about long-term opportunities.

Confidence in the Irish economy in 2026 is more cautious, with a confidence index score of +6 down from +15 in 2025. While the score is still positive, the decrease reflects a more cautious outlook on the performance of the Irish economy in 2026 compared to 2025.

The Contracting Sector

Confidence Index

29 & Below 30 – 39 40 – 49 50 – 59 60 & Above
2026 +29 +22 +19 +16 +24
2025 +23 +27 +28 +24 +23
2024 +42 +30 +34 +26 +26
2023 +50 +29 +30 +31 +29
2022 +38 +41 +41 +38 +32
2021 +3 +4 +1 +11 +21

 

 

The Irish Economy

Confidence Index

29 & Below 30 – 39 40 – 49 50 – 59 60 & Above
2026 +15 +5 +4 +6 +6
2025 +18 +17 +19 +14 +15
2024 +29 +19 +14 +14 +17
2023 +20 +5 +6 +11 +13
2022 +26 +34 +38 +41 +41
2021 +27 +29 +30 +30 +32

 

 

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