UK: Over 65s boost economy by £100 million per day

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Once pension, health and welfare costs were excluded, 2010 saw those above retirement age in the UK generate £40 billion for the economy, according to a new report. The WRVS age concern charity document, compiled by an independent source, attributes a value to the taxes, spending power, donations and voluntary work which older people contribute. This sum is expected to increase to some £77 billion by 2030.

Source: hrmagazine.co.uk/03.03.2011