Over 65s contributed '£61bn to UK economy last year'

Workers over the age of retirement helped to generate £61bn for the UK economy last year, according to new figures from charity Age UK.

Pensioner
Retirement can last for up to 30-40 years, Age UK said. Credit: PA

Over 65s contributed via employment, informal caring and volunteering, Age UK said.

The Age UK Chief Economist's report found that £37 billion of the total amount came from employment and £11.4 billion from informal caring.

Childcare contributed £6.6 billion and nearly £6 billion came from volunteering.

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Over 65s contributed '£61bn to UK economy in 2013'

Workers who would be entitled to their pension contributed £61bn to the UK economy last year via employment, informal caring and volunteering, according to the charity Age UK.