Yesterday’s Budget was controversial, as much for what it left out as for what it gave away. The NHS, care and housing had all queued up and were left wanting more. But probably the biggest problem issue of the Budget came from the problem of flat-lining productivity. Do older workers have a contribution to make here? Flat-lining productivity The Budget Statement states that ‘The Office for Budget Responsibility (OBR) now expects to see slower GDP growth over the forecast period, mainly reflecting a change in its forecast for productivity growth. It has revised down its forecast for GDP growth by 0.5 percentage points to...
The statistics show that many in the 50-retirement generation find it difficult to find work and progress their careers. But in fact older workers are productive and effective – they have unique abilities and strengths which make them a real asset in the workplace. And there is strong evidence to support employing older workers too. In this blog, New Middle Age takes a look at the Unique Selling Points of older workers. Our 50s may be our most productive decade at work It may be a surprise, but there is good evidence that economic productivity at work peaks in our 50s....
New Middle Age has identified key issues for the 50 to retirement generation and looks to public policy makers to deliver policies to support lasting and sustainable change. We need policies to address key emerging trends: increasing longevity and better health; age related inequalities; and the complex area of over 50 employment, productivity and training. It’s time for public policy action on the issues of New Middle Age. New Middle Age challenges public policy makers to deliver for the 50 to retirement generation. New Middle Age calls for the recognition of a new generation – from 50 to retirement, whenever that may...
Government estimates indicate that one in four of us currently in our 50s can realistically expect to live to 100. With this in mind it is essential that we stop seeing 50 as old or older. It makes no more sense to think about 50 or 60 year olds together with people of 80, 90 or above than doing so with young people thirty or forty years their junior. 50 is in reality the start of the lifetime second half. A new identity and a new image is called for. Meet New Middle Age, the generation from 50 to retirement – whenever that might be given the abolition of a...
