Older people quit workforce ‘because they can afford to’

The Times today covers a new report from the Centre for Policy Studies highlighting the spectrum of causes contributing to increasing economic inactivity.

The article leads with the research which shows economically comfortable people over 50 are feeling increasingly able to stop working, contrary to the popular narrative that workers are being driven out of work by NHS waiting lists and delays to treatment forcing them on long-term sick.

Karl Williams, CPS senior researcher and report co-author, is quoted saying “the causes of increased economic inactivity post-pandemic are complex, but we need to stop feeding the idea that it is being driven by the collapse of the NHS or spiralling childcare costs, as the data simply does not reflect this.”

Read the article here.

Date Added: Tuesday 14th March 2023