Over-50s should work for longer, Lords says |
| The UK should incentivise helping people in their 50s and 60s to stay in work to ease pressure on public finances and living standards, a House of Lords inquiry has said. The report by the economic affairs committee, Preparing for an Ageing Society, also argued against the impact of age discrimination in the workplace. “The most damaging form of age discrimination [could be] self-directed, with older workers operating under a mistaken impression of its extent and therefore limiting their own choices,” the report found. Lord Wood of Anfield, the committee’s chair, went on to observe: “One of the things we want to point out in this report is that the biggest impact will fall on the young and on people who are yet to be born . . . It is these people who are going to face lives that extend, on average, into their 90s but still live in a world which is structured on a principle of, you go to school, you have a job, and you retire in your 60s.” |
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