Working with The Prince’s Initiative for Mature Enterprise (PRIME) and Business In The Community, The Internation al Longevity Centre have published a major new report about the challenges facing older workers, The missing million: illuminating the employment challenges of the over 50s. This is the first in a series of three reports being published on this topic over the next year.
The research demonstrates that of the 3.3 million economically inactive people aged 50-64, approximately 1 million people have been made ‘involuntarily workless’ - pushed out of their previous job as a result of ‘shocks’, a combination of redundancy, ill health or early retirement. This has created a silent majority’, where millions of over 50s are not working but would like to and are not receiving the help they need.
The research also shows that if people aged over 50 are helped back into employment, it does not mean that younger people are ‘crowded out ‘of the labour market. Helping older people back into the labour market could also lead to a potential £88 billion boost to the UK GDP. Most importantly securing employment for older people will transform their lives and offer them the opportunity of a brighter, more secure future.
Two further reports will be published following this paper on employment solutions and benefits of maintaining an older workforce.
Date :23 October 2014
Innovating for Ageing: Just and ILC-UK launch new initiative to develop creative solutions for tackling vulnerability in later life
Date :16 January 2018
ILC-UK are inviting interested parties to offer a bid to help us update the ILC-UK website.
Date :20 December 2017
In May this year, ILC-UK conducted a study mission to Japan supported by our sister organisation, ILC-Japan, and funded by the Daiwa Anglo-Japanese Foundation and the Great Britain Sasakawa Foundation.
Date :07 December 2017
Two complementary research reports published today by ILC-UK have both found that physical and mental illness at younger ages can have a significant impact on employment trajectories in later life.
Date :05 December 2017
A new report from the International Longevity Centre (ILC-UK), ‘Public health in Europe during the austerity years’, has identified early warning signs that austerity will affect health outcomes for decades to come.
Date :29 November 2017
Innovative new programme revealed at ILC-UK’s flagship “Future of Ageing” conference London
Date :28 November 2017