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Consider this FACT ; As of 2006 a half of the Electorate (and a half of the workforce) are aged over 45. There are now as many people over 45 as under. There should be as many over 45’s in the workforce as under - there aren’t!
This trend is set to continue, making it a massive sociological and financial problem for government. Until the year 2020 the population of the UK over the age of 45 will rise significantly and the population under 25 is set to fall just as dramatically. We at CAADE have been warning of this ‘Statistical Timebomb’ for over eighteen years. We are now reaping hugely from the ‘prejudicial’ seeds sown by employers over the past 25 years.
The UK's unemployment and economic inactivity rates for older workers is currently 37.8% - whilst the rate for the rest of the working population is 26.1%.
Nearly a third of over 45's are without work (some 2.8 millions)
Older workers in the UK are 25% more likely to be unemployed, or
economically inactive than younger workers.
Over two and a half million workers--more than a third of those
between the ages of 45 and 65, are officially classed as unemployed and economically inactive.
There are eight times as many older workers out of work for more than twelve months, than younger workers .
84% of men over the age of 45 were working in 1979 - only 69% were working in 2000. This, despite longer lives and greater fitness.
600,000 more men over age 45 and 200,000 more women over the age of 45 would be working now if older men worked at at the level of 1979 and if older women had shared in the increase in work for younger women. (L.S.E.)
The cost of age discrimination to the economy is £5.5billion to Government Tax and benefits and £31billion in lost production. (E.F.A.)
9 out of 10 older people believe that employers discriminate on grounds of age.
Long-term unemployment increases with age: 50% of long-term unemployed over 45’s never return to work. (L.F.S.)
A Survey of employers showed that in 50% of companies, the over-45’s made up less than 10% of the workforce, although they represent 30% of people of working age. (I.O.D.)
There are eight people aged 45-65 who are ‘economically inactive’ for every one registered unemployed. (Cranfield)
Halifax Building Society increased profits by £130,000 at 6 branches trialing an older workforce.
Nationwide Building Society saved £7million in staff turnover costs by widening the recruitment age.
Small businesses started by people aged 45+ are twice as likely to succeed as businesses started by younger people (Warwick B.S.)
(All of the above statistics come from verifiable sources)
CAADE has produced an eBooklet with these and many more statistics in it. Valauable for both students and the media it is available now as a download on the 45-65.com website. We call them ‘Statistical Sound Bites’. Just click this link - http://www.45-65.com/downloads.php?a=cat&cid=1
--------------------------------------MORE READING ON THE CAMPAIGN--------------------------------------------
The Campaign FAQ’s WORLDWIDE PICTURE LEGISLATION v. CODES
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