At present there are less than 50% of people aged 64+ who are in work as a result of ageist employment practices and prejudice. We at Wise Age have been fighting against extending the pension age until and unless the majority of people in their last year before their pension are in employment. The older you get after 50, if you lose your job, the less chance you have of getting another full time job again (by 60 that is a less than 8% chance). So why do they want to extend the pension age? This is not an economic argument but a political one, the Conservatives and the right wing media want to make this into an intergenerational conflict to deflect from the real conflict between the wealthy and the rest of us and to keep people from focusing on the impact of austerity.
The older generations do not cost the country money, on the contrary they make a positive economic contribution and if it were not for the 'silver economy' we would be in a major recession.
There are 71% of people aged 50-65 in work, who make a major contribution into the economy. Their presence in the workforce helps increase productivity, profitability and improves staff morale, with more younger people being taken on and trained when older people are retained. Yet of the 29% out of work only 10% receive unemployment benefit, because so many of us are forced onto other benefits or not claiming at all.
For those that are aged 65+ there are now 1.2 million still in work, but voluntarily, as they are able to retain their pensions and work, often flexibly, while continuing to pay their taxes. This voluntary option is working very well and should be encouraged. But to force people to carry on working - when there is not much work for them - and for the many that have been exhausted by hard manual labour or health conditions this is an unfair, unjust attack on their right to enjoy their final years on a decent income.
The reality for many pensioners is that they live under or very close to the poverty line and the majority of pensioners earn less than £12k per year.
This obscene proposal by rich entitled and brutal politicians is a continuation of the demolition of the welfare state and the right to basic living standards while the richest continue to receive tax loopholes and benefit entitlements such as the subsidies to landlords and employers.
Wise Age continues to fight this and other attacks on ordinary working people of all ages. Remember what the Tories want to do to our rights, protections and incomes next time you vote.