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Towards a 50+ enterprise culture Export

(2005)

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ageing employment older-people third-age

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The focus of labour market research and statistics does not always extend to the 50+ age group as a sub-sector of the labour force. It rarely encompasses the aspirations of the millions of individuals in the 50+ age group who have dreams to fulfil, skills and expertise to deploy for the benefit of the community, or the need to find an income that will prevent them from spending the final third of their lives in poverty. This report looks only at England because that is PRIME’s current focus. PRIME’s sister organisation, PRIME-Cymru, operates in Wales. PRIME looks forward to extending its operation into Scotland and Northern Ireland in the future. The report demonstrates that over one-third of the 50-64 age group is not earning from being an employee or from self-employment1. Previous Office for National Statistics (ONS) reports have shown that those aged around 50 who are made redundant have a one in ten chance of becoming an employee again. A continued search for a job, therefore, does not appear to offer a solution for more than a few.


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