A new report published by the International Longevity Centre (ILC) UK this week finds that older people’s contributions are significant, and growing. Key findings include:
- In Italy, people aged 50 and over already account for more than 1 in 3 workers (35% of the workforce) – this could rise to 59% by 2035.
- Older households (headed by people aged 50+) spend over 6 in 10 euros in the Italian economy, making up 30% of GDP in 2015.
- The value of older Italians’ unpaid contributions, such as volunteering and caring, if renumerated, is over $50bn.
But these contributions are underpinned by good health. So investing in health, and prevention in particular, will be vital for the post-pandemic recovery. Read the full report and recommendations here.