The Economic Contribution of Older People in the United Kingdom
AgeUK reports “ The monetary value of the direct economic contribution of employment, informal caring, including childcare, and volunteering by people aged 50 or over in the United Kingdom in 2016/17 amounted to £796 bn (approx. 45 per cent of Gross Value Added), of which people aged 65 or over contributed with £160 bn.
Employment contribution amounted to £570 bn (£ 54 bn from 65+); informal caring activities added another £175 bn (£ 95 bn), informal childcare was worth £7.7 bn (only estimated for those aged 65 or over) and volunteering represented another £43.4 bn (£ 2.7 bn).”
Read all: https://www.ageuk.org.uk/globalassets/age-uk/documents/reports-and-publications/reports-and-briefings/active-communities/the_economic_contribution_of_older_-people_-update_-to_-2017.pdf